Boards should be clear on how their organisation’s data and IT infrastructure is being protected against a ransomware attack.
The Sophos State of Ransomware 2021 report, an independent survey of 5,400 IT managers in mid-sized companies in 30 countries, has revealed that 37% of organisations have experienced a ransomware attack over the past 12 months, down from 51% in 2020. In addition, fewer businesses have suffered data encryption as the result of an attack, dropping from 73% in 2020, to 54% in 2021.
However, this positive reduction doesn’t tell the full story. The average financial impact of a ransomware attack over the same period has more than doubled, from $761,106 in 2020, to $1.85m in 2021. The most likely reason behind this is that attackers are launch
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