Organisations could find themselves doubling the cost of clearing up after a ransomware attack if they pay off cybercriminals. According to a new survey for Sophos’ State of Ransomware 2020 report, the average cost of tackling the effect of such an attack, including business downtime, lost orders, operational costs, and more, but not including the ransom, was more than US$ 730,000 (£593,000). This average cost rose to us$1.4 million (£1.1 million), almost twice as much, when organisations paid the ransom.
Experts Comments
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@Chad Anderson, Research Engineer , provides expert commentary at @Information Security Buzz.
"The best way to respond is to isolate the source of the attack...."
#infosec #cybersecurity #isdots
https://informationsecuritybuzz.com/expert-comments/response-comments-on-ransomware-costs-double-if-you-pay-up
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@Chad Anderson, Research Engineer , provides expert commentary at @Information Security Buzz.
"The best way to respond is to isolate the source of the attack...."
#infosec #cybersecurity #isdots
https://informationsecuritybuzz.com/expert-comments/response-comments-on-ransomware-costs-double-if-you-pay-up
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@Jamie Akhtar, CEO and Co-founder, provides expert commentary at @Information Security Buzz.
"An organisation should always have three copies of its files stored in two different mediums...."
#infosec #cybersecurity #isdots
https://informationsecuritybuzz.com/expert-comments/response-comments-on-ransomware-costs-double-if-you-pay-up
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@Jamie Akhtar, CEO and Co-founder, provides expert commentary at @Information Security Buzz.
"An organisation should always have three copies of its files stored in two different mediums...."
#infosec #cybersecurity #isdots
https://informationsecuritybuzz.com/expert-comments/response-comments-on-ransomware-costs-double-if-you-pay-up
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@Carl Wearn, Head of E-Crime , provides expert commentary at @Information Security Buzz.
"This attack should again provide the stark reminder that cyber resilience can no longer be an afterthought...."
#infosec #cybersecurity #isdots
https://informationsecuritybuzz.com/expert-comments/response-comments-on-ransomware-costs-double-if-you-pay-up
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@Carl Wearn, Head of E-Crime , provides expert commentary at @Information Security Buzz.
"This attack should again provide the stark reminder that cyber resilience can no longer be an afterthought...."
#infosec #cybersecurity #isdots
https://informationsecuritybuzz.com/expert-comments/response-comments-on-ransomware-costs-double-if-you-pay-up