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Survey Says: Ransomware on the Rise, Malware a Top IT Concern

Has your organization been a victim of ransomware in the last year? The data show your chances of being impacted by ransomware are now better than 1 in 2.

CyberEdge Defense Report

According to a new survey released by CyberEdge and sponsored by CTERA, 56 percent of organizations suffered a ransomware attack last year, and nearly half of them chose to pay the ransom to get their data back. Moreover, nearly 20 percent of organizations that refused to pay the ransom lost their data as a result.

Additionally, both the number of organizations being attacked and the number of victims paying ransom are on the rise, fueling speculation that we may see even more ransomware attacks in 2019.

These sober findings are among many critical data points in the 2019 Cyberthreat Defense Report (CDR) that is available today for free download on CTERA.com. With 1,200 IT security decision makers and practitioners participating from 17 countries, six continents, and 19 industries, CyberEdge’s CDR delivers a truly comprehensive study of security professionals’ perceptions.

Learn about CTERA ransomware protection solutions.

The CDR points not only to the need for ransomware mitigation strategies that help enterprises protect against these insidious attacks, but highlights several interesting findings, including:

  • Cyberthreat trifecta. Malware, spear phishing, and ransomware top the list of cyberthreat concerns for the third consecutive year.
  • Attack success redux. The percentage of organizations affected by a successful cyberattack ticked up this year, from 77 percent to 78 percent, despite last year’s first-ever decline.
  • Worsening skills shortage. IT security skills shortages continued to rise, with 84 percent of organizations experiencing this problem compared to 81 percent a year ago.
  • Security’s slice of the IT budget pie. On average, IT security consumes 12.5 percent of the overall IT budget. The average security budget is going up by 4.9 percent in 2019.

There’s a whole lot more to take in from the survey, which at 50 pages is quite substantial and worth your time. You can download it here. As well, the handy infographic below does a great job of noting the key points.

Download the CyberEdge Cyberthreat Defense Report.

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Categories: Insight