The Infrascale research, based on a survey of more than 500 C-level executives, reveals that business-to-business (B2B) organizations are more likely to have suffered a ransomware attack than business-to-consumer (B2C) entities. Representatives from 55% of the B2Bs said they had been hit by ransomware.
New research from Infrascale, a cloud-based data protection company providing industry-leading backup and disaster recovery solutions, reports that ransomware attacks are not at all unusual in the small and medium business (SMB) community, as 46% of these businesses have been victims. And 73% of those SMBs that have been the targets of ransomware attacks actually have paid a ransom. The Infrascale research is based on a survey of more than 500 C-level executives. CEOs represented 87% of the group. Almost all of the remainder was split between CIOs and CTOs.
The small and medium business (SMB) community is no stranger to ransomware attacks. A recent report revealed that hackers have targeted 46% of SMBs, with 73% of those companies paying the ransom. The report is based on a survey of more than 500 C-level executives. Of those surveyed, 87% were CEOs and the rest were CIOs and CTOs.
Ransomware attacks are not at all unusual in the SMB community, as 46% of these businesses have been victims. And 73% of those SMBs that have been the targets of ransomware attacks actually have paid a ransom, Infrascale reveals.
“Ransomware is not a new phenomenon,” Infrascale CEO Russell P. Reeder said in a press release. “However, it is surprising how many businesses are unprepared for a ransomware attack. It is shocking that during a time in which the world should be coming together in the fight against COVID-19, criminals are preying on unsuspecting people and organizations for personal – usually financial – gain.
New research from Infrascale, a cloud-based data protection company providing industry-leading backup and disaster recovery solutions, reports that ransomware attacks are not at all unusual in the small and medium business (SMB) community, as 46% of these businesses have been victims. And 73% of those SMBs that have been the targets of ransomware attacks actually have paid a ransom.
Looking deeper into the survey conducted by Infrascale shows that business-to-business sales companies are more likely to be hit than those with a business-to-consumer model, with more than half (55%) of the former reporting attacks versus 36% of the latter.
New research from Infrascale, a cloud-based data protection company providing industry-leading backup and disaster recovery solutions, reports that ransomware attacks are not at all unusual in the small and medium business (SMB) community, as 46% of these businesses have been victims. And 73% of those SMBs that have been the targets of ransomware attacks actually have paid a ransom.
Commenting on this concerning rise in cyber-criminal activity, Russell P. Reeder, CEO of cloud-based data protection company Infrascale, considers how protecting businesses from heightened ransomware risks during the COVID-19 pandemic needs to be a key cybersecurity consideration.
While you may be hearing that the total number of ransomware attacks declined in 2018, that doesn’t mean your data is safe. In fact, CyberSecurity Ventures predicts that ransomware will cost businesses $6 trillion by 2021 and Cisco considers it more profitable than the global trade of all major illegal drugs. Knowing how grim …
