BullWall, global leaders in ransomware containment, and researchers with Cybersecurity Insiders, today published the Cybersecurity Insiders 2023 Ransomware Report. Based on a survey of 435 cybersecurity professionals, the findings identified gaps, misunderstandings and obstacles in organizational security posture, attack prevention and ransomware remediation.
Among the 2023 Ransomware Report’s key findings:
- Overconfidence about attack detection: 77 percent of respondents incorrectly believe their endpoint security solution (EDR) can sufficiently protect their servers against malware attacks.
- Substantial gap in confidence between detection and remediation: while 76 percent were highly confident in the organization’s ability to prevent an attack, only 35 percent were confident in the organization’s current ability to remediate ransomware after it locks or encrypts data within their systems.
- Recovery time expectations are overly optimistic: 35 percent of respondents believe they can recover from an attack in a few days, despite research showing that recovery averages weeks or even months.
- Troubling expectations: 79 percent of respondents said a threat is moderately to extremely likely to happen to their organization within the next year.
- Data at risk: 69 percent report that financial information is at risk, 61 percent report that customer information is at risk, and 56 percent say employee information is at risk.
- Ransomware’s biggest negative impacts: 82 percent cite downtime, 75 percent cite financial losses, and 68 percent cite reputational damage.
- Main obstacles in enhancing defense strategies: 47 percent cite the evolving sophistication of attacks and 45 percent cite budget constraints.
To receive the full Cybersecurity Insiders 2023 Ransomware Report, please visit: https://bullwall.com/2023-ransomware-report/?utm_source=2023-ransomware-report&utm_medium=press-release&utm_campaign=2023-ransomware-report
To register for the webinar “Why EDRs And Other Preventative Measures Cannot Stop Ransomware And What To Do Instead” on 11:00am ET, June 15, please visit: https://register.gotowebinar.com/register/5763097225180979552?source=BW
For more information about Bull Wall’s solutions and services, visit the company’s website at www.bullwall.com.