{"id":64156,"date":"2021-05-09T17:55:56","date_gmt":"2021-05-09T17:55:56","guid":{"rendered":"https:\/\/websitedesigns.com.au\/elankanew\/?p=64156"},"modified":"2021-05-09T17:55:56","modified_gmt":"2021-05-09T17:55:56","slug":"ransomware-recovery-cost-reaches-nearly-2mn-more-than-doubling-in-a-year-sophos","status":"publish","type":"post","link":"https:\/\/websitedesigns.com.au\/elankanew\/ransomware-recovery-cost-reaches-nearly-2mn-more-than-doubling-in-a-year-sophos\/","title":{"rendered":"Ransomware recovery cost reaches nearly $2mn, more than doubling in a year: Sophos"},"content":{"rendered":"<h1 class=\"mvp-post-title left entry-title\" style=\"text-align: center;\"><span style=\"color: #800080;\">Ransomware recovery cost reaches nearly $2mn, more than doubling in a year: Sophos<\/span><\/h1>\n<p><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-64157 aligncenter\" src=\"https:\/\/websitedesigns.com.au\/elankanew\/wp-content\/uploads\/2021\/05\/cheaster.jpg\" alt=\"\" width=\"450\" height=\"273\" \/><\/p>\n<p><strong><span style=\"font-size: 20px; color: #800000;\">Source:<\/span><\/strong><span style=\"color: #000000;\"><a style=\"color: #000000; font-size: 20px;\" href=\"https:\/\/island.lk\/ransomware-recovery-cost-reaches-nearly-2mn-more-than-doubling-in-a-year-sophos\/\" target=\"_blank\" rel=\"noopener noreferrer\">Island<\/a><\/span><\/p>\n<p style=\"text-align: justify;\" align=\"LEFT\"><span style=\"font-size: 20px; color: #000000;\">Sophos, a global leader in next-generation cybersecurity, recently announced the findings of its global survey, \u201cThe State of Ransomware 2021,\u201d which reveals that the average total cost of recovery from a ransomware attack has more than doubled in a year, increasing from $761,106 in 2020 to $1.85 million in 2021. The average ransom paid is $170,404. The global findings also show that only 8% of organizations managed to get back all of their data after paying a ransom, with 29% getting back no more than half of their data.<\/span><\/p>\n<p style=\"text-align: justify;\" align=\"LEFT\"><span style=\"font-size: 20px; color: #000000;\">The survey polled 5,400 IT decision makers in mid-sized organizations in 30 countries across Europe, the Americas, Asia-Pacific and Central Asia, the Middle East, and Africa.<\/span><\/p>\n<p align=\"LEFT\"><!--more--><\/p>\n<p style=\"text-align: justify;\" align=\"LEFT\"><span style=\"font-size: 20px; color: #000000;\">While the number of organizations that experienced a ransomware attack fell from 51% of respondents surveyed in 2020 to 37% in 2021, and fewer organizations suffered data encryption as the result of a significant attack (54% in 2021 compared to 73% in 2020), the new survey results reveal worrying upward trends, particularly in terms of the impact of a ransomware attack.<\/span><\/p>\n<p style=\"text-align: justify;\" align=\"LEFT\"><span style=\"font-size: 20px; color: #000000;\">\u201cThe apparent decline in the number of organizations being hit by ransomware is good news, but it is tempered by the fact that this is likely to reflect, at least in part, changes in attacker behaviors,\u201d said Chester Wisniewski, principal research scientist, Sophos.<\/span><\/p>\n<p style=\"text-align: justify;\" align=\"LEFT\"><span style=\"font-size: 20px; color: #000000;\">\u201cThe findings confirm the brutal truth that when it comes to ransomware, it doesn\u2019t pay to pay. Despite more organizations opting to pay a ransom, only a tiny minority of those who paid got back all their data,\u201d said Wisniewski. \u201cThis could be in part because using decryption keys to recover information can be complicated. What\u2019s more, there\u2019s no guarantee of success. For instance, as we saw recently with DearCry and Black Kingdom ransomware, attacks launched with low quality or hastily compiled code and techniques can make data recovery difficult, if not impossible.\u201d<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ransomware recovery cost reaches nearly $2mn, more than doubling in a year: Sophos Source:Island Sophos, a global leader in next-generation cybersecurity, recently announced the findings of its global survey, \u201cThe State of Ransomware 2021,\u201d which reveals that the average total cost of recovery from a ransomware attack has more than doubled in a year, increasing [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":64157,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"aside","meta":{"footnotes":""},"categories":[20],"tags":[34474],"class_list":{"0":"post-64156","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-articles","8":"tag-chester-wisniewski","9":"post_format-post-format-aside"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v25.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ransomware recovery cost reaches nearly $2mn, more than doubling in a year: Sophos<\/title>\n<meta name=\"description\" content=\"Sophos, a global leader in next-generation cybersecurity, recently announced the findings of its global survey,\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" 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