Calculating the true cost of a ransomware attack is a notoriously difficult task for businesses. There is the immediate cost of getting business operations up-and-running again but there is the reputational damage and break down in investor confidence to consider as well. According to a Ransomware Victims Report carried out in 2021, over half (55%) of US-based IT decision-makers whose organisation had experienced a ransomware attack in the last two years chose to pay a ransom. The average payment was $223,000, with 14% paying $500,000 or more. In addition, these organisations spent an average of $183,000 on other costs directly…
Author: Neil Stobart
Organisations have long acknowledged the importance of backing up data stored on their ‘endpoints’ – i.e., the remote computing devices such as desktops and laptops that communicate with their network. However, it has generally fallen to the wayside in terms of attention, with data centre backup receiving the bulk of the investment from IT professionals – until now. Before last year, most organisations had a workforce that was largely confined to just one place – their office. In the majority of cases, employees would be working on the same physical network as their company’s file server. The few remote workers…
