Retail industry the second most ransomware-targeted industry in 2021

  • 📰 BusinessTechSA
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 61%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

[Promoted] 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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 24. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Four ways companies can strengthen their boards to make it through tough economic times - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Data from Statistics South Africa show that business liquidations increased by 44.8% in the year to August 2022. The data also shows that in June 2022 there were 145 liquidations (compared to 132 in June 2021) and that the number of bankruptcies in South Africa increased to 165 in July 2022 and to 239 in August 2022.
Source: SABCNews - 🏆 37. / 51 Read more »