A CBI and Ponemon Institute research report, based on a survey of IT and security professionals, takes a comprehensive look at companies’ ransomware strategies and mitigation tactics and the operational impact of incidents. Eighty percent of companies surveyed have experienced a ransomware attack, despite spending an average of $6 million annually on ransomware mitigation resources.
Companies’ ransomware strategies and mitigation tactics
- Only 32% are confident in their security controls, indicating the need to use more effective approaches to prevent ransomware attacks
- 75% are concerned about the ransomware risks posed by third parties, but only 36% of organizations evaluate their third parties’ security and privacy practices
- The average ransomware payment is approximately $1 million
