New scrutinize reveals that the majority of ransomware victims (85 percent) had their structures taken offline for at least a week, costing businesses thousands in pecuniary damage each day.
Despite the risk of data loss and financial damages, the check up on produced by Timico and Datto found that organizations still inadequacy awareness and readiness when it comes to responding to ransomware attacks.
The evaluation entitled ‘The Reality of Ransomware’ polled 1,000 UK-based organizations comprehended up of 500 SMEs and 500 large corporations – many of whom had been set within the last 12 months.
Well over half of respondents estimated their data systems went from fully functional to essentially unavailing within seconds and minutes, the report noted.
Of those infected, a third also broke they went without their data for more than a month. In the meanwhile, 15 percent reported their data was ultimately ‘unrecoverable.’
Precisely a quarter (23 percent) of respondents paid over £5,000 to get back their data, and 26 percent paid between £3,000 – £5,000
“Higher ransomware pays in large corporations were reported, with a third of corporate tasks paying over £5,000 to recover data compared to just half that reckon of SMEs (15%),” read the report.
In addition to the ransom fee paid to cybercriminals, profuse than half (53 percent) of respondents estimated that it expenditure the business between £1,000 and £2,000 per day in lost revenue.
However, it may be the most alarming statistic involves the fact that a staggering 63 percent of UK traffics still have no official ransomware policy in place to guide stick when responding to an attack.
For more key findings, read the full on here.