Ransomware continues to be the leading cyberattack method experienced by small-to-medium sized businesses (SMBs) according to new research from Datto Inc.
The firm surveyed 2,400 managed service providers (MSPs) that support the IT needs of nearly half a million SMBs worldwide.
Datto found that revenue lost to downtime can cripple a small business with the average attack being 10 times more costly to the business than the ransom itself costing a business $46,800 on average and the ransom requesting around $4,300 per attack.