Despite being prepared, companies still fall victim to ransomware - IT-Online

There is a large disconnect between organisations’ level of preparedness with existing strategies and their ability to stop a ransomware attack.

John Maddison, executive vice-president: products and chief marketing officer at Fortinet, comments: “According to Fortinet research, though three out of four organisations detected ransomware attacks early, half still fell victim to them. These results demonstrate the urgency to move beyond simple detection to real-time response.

The top challenges to stopping a ransomware attack were people and process related, with many organisations lacking clarity on how to secure against the threat. The survey also found that despite most detecting an incident within hours, and sometimes minutes, the percentage of organisations paying ransoms remains high, with almost three-quarters of respondents making some form of ransom payment.

With concerns about ransomware still high and despite a challenging global economic environment, nearly all organisations expect increased security budgets in the next year.

Source: News Formal (newsformal.com)

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