More than half of the respondents to the [Cymulate] survey answered that they don’t feel confident that their organization can fend off a ransomware attack. Considering that 28 percent of companies have suffered from a ransomware attack over the last few years, that confidence isn’t unfounded. Cymulate forecasts that any organization, no matter the size, has a one-in-four chance of being attacked.
However, the good news is that companies are starting to pay attention and shape up. Prior victims of ransomware are allocating more security budget and headcount than those who aren’t, though unaffected organizations are still ramping up security efforts as well. However, it shouldn’t take a definitive ransomware incident to be prepared; companies need to create a security defense strategy well in advance of a potential attack.
See more in this article for Solutions Review.