Retail industry the second most ransomware-targeted industry in 2021

This information was published in Sophos’ The State of Ransomware in Retail 2022 report, which found that retail had the second highest rate of ransomware attacks last year of all sectors surveyed after the media, leisure, and entertainment industry.

In Sophos’ experience, the organisations that are successfully defending against these attacks are not just using layered defences, they are augmenting security with humans trained to monitor for breaches and actively hunting down threats that bypass the perimeter before they can detonate into even bigger problems.

In 2021, the average ransom payment was $226,044 compared to $147,811 in 2020. However, this was less than one-third the cross-sector average .“Some of the low-skill ransomware groups ask for $50,000 to $200,000 in ransom payments, whereas the larger, more sophisticated attackers with increased visibility demand $1 million or more,” says Wisniewski.

When compared to 2020, the amount of data recovered after paying the ransom decreased to 62%, as did the percentage of retail organisations that got all their data back.

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