A new report from cybersecurity firm Sophos has found that only 26% of retail organizations this past year were able to disrupt a ransomware attack before their data was encrypted.
A new report from security firm Sophos has revealed that cybercriminals successfully encrypted data in nearly 75% of ransomware attacks in 14 countries around the world.
On average, it took less than a day — approximately 16 hours — for attackers to reach Active Directory (AD), one of the most critical assets for a company, a report from cybersecurity firm Sophos said.
Sophos further said organizations with standalone cyber insurance policies are almost four times more likely to pay the ransom to recover encrypted data than those without cyber coverage.
Among these challenges, 76% struggle with Identifying the root causes behind an incident, leaving them vulnerable to further malicious activity, Sophos said.
Sophos said the commercialization of cybercrime drove an uptick in nearly all types of cyberattacks in 2022 and the result is a booming malware economy where no organization is immune to cyberthreats.
