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Two-Thirds of Organizations are Targets of at Least One Ransomware Attack

While ZTNA is an emerging technology, it should be considered a replacement for traditional VPN technology, report reads.
Every year there are a number of studies getting published on cybersecurity issues and recently 2021 Global State of Ransomware Report got published by Fortinet, a cybersecurity organization. The key finding of the report is that more than two-thirds of organizations are being targeted for at least one Ransomware attack in recent years and that’s why organizations are way more concerned about ransomware attacks compared to other forms of cybercrime. 

Before this report, a study showcased that the number of ransomware victims grew by almost 100%, while 60% of the attacks were performed by only three ransomware groups – Conti, Avaddon, and Revil. However, the research also revealed that the majority of organizations are well prepared against ransomware attacks, including, risk assessment plans, employee cyber training, and cybersecurity insurance. 

Research also discloses that the companies were most focused on remote workers and devices. The topmost priority of companies regarding a ransomware attack was how to secure data from the attack. In addition, 84% of organizations reported having an incident response plan, and cybersecurity insurance was a part of 57% of those plans. 

Regarding paying the ransom if attacked, the procedure for 49% was to pay the ransom outright, and for another 25%, it depends on how expensive the ransom is. Along with this, one-third of organizations that paid the ransom got their data back. 

John Maddison, EVP of products and CMO at Fortinet, said: “According to a recent FortiGuard Labs Global Threat Landscape report, ransomware grew 1070% year-over-year. Unsurprisingly, organizations cited the evolving threat landscape as one of the top challenges in preventing ransomware attacks…”

“…As evidenced by our ransomware survey, there is a huge opportunity for the adoption of technology solutions like segmentation, SD-WAN, ZTNA, as well as EDR, to help protect against the methods of access most commonly reported by respondents…” 

"…The high amount of attacks demonstrates the urgency for organizations to ensure their security addresses the latest ransomware attack techniques across networks, endpoints, and clouds. The good news is that organizations are recognizing the value of a platform approach to ransomware defense”, he added.
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