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Retail Organizations Attacked by Ransomware Increasingly Unable to Halt an Attack in Progress, Sophos Survey Finds

GlobeNewswire LogoGlobeNewswire3 mo ago

Retail Organizations Attacked by Ransomware Increasingly Unable to Halt an Attack in Progress, Sophos Survey Finds - GlobeNewswire

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Additional key findings from the report include: In line with a broader, cross-sector trend, the retail sector experienced its highest rate of encryption over the past three years, with 71% of those organizations targeted by ransomware stating that attackers successfully encrypted their dataThe percentage of retail organizations attacked by ransomware declined from 77% last year to 69% this yearThe percentage of retail organizations that recovered in less than a day decreased from 15% to 9% this year, while the percentage of retail organizations that took more than a month to recover increased from 17% to 21% Sophos recommends the following best practices to help defend against ransomware and other cyberattacks: Strengthen defensive shields with: Security tools that defend against the most common attack vectors, including endpoint protection with strong anti-ransomware and anti-exploit capabilitiesZero Trust Network Access (ZTNA) to thwart the abuse of compromised credentialsAdaptive technologies that respond automatically to attacks, disrupting adversaries and buying defenders time to respond24/7 threat detection, investigation and response, whether delivered in-house or by a specialized Managed Detection and Response (MDR) provider Optimize attack preparation, including regularly backing up, practicing recovering data from backups and maintaining an up-to-date incident response planMaintain security hygiene, including timely patching and regularly reviewing security tool configurations To learn more about the State of Ransomware in Retail 2023, download the full report from Sophos.com.

Learn More About The State of Ransomware 2023Dwindling dwell times and changing attacker behavior and techniques in the Active Adversary Report for Tech Leaders 2023Attacker behaviors, techniques and tactics in the 2023 Active Adversary Report for Business Leaders, based on analysis of Sophos incident response casesIT and cybersecurity leaders’ top challenges and priorities in The State of Cybersecurity 2023: The Business Impact of Adversaries on DefendersDifferent ransomware threat actors, their TTPs and Sophos’ latest ransomware research in the Ransomware Threat Intelligence CenterSophos X-Ops and its groundbreaking threat research by subscribing to the Sophos X-Ops blogs About Sophos Sophos is a worldwide leader and innovator of advanced cybersecurity solutions, including Managed Detection and Response (MDR) and incident response services and a broad portfolio of endpoint, network, email, and cloud security technologies that help organizations defeat cyberattacks.

Only 26% of Surveyed Organizations Stopped Cybercriminals from Encrypting Their Data in a Ransomware Attack This Is the Lowest Rate of Disruption in 3 Years Recovery Costs Are Four Times Higher for Those That Pay the Ransom OXFORD, United Kingdom, Nov.07, 2023 (GLOBE NEWSWIRE) -- Sophos, a global leader in innovating and delivering cybersecurity as a service, today shared findings from its sector survey report, "The State of Ransomware in Retail 2023,” which found that only 26% of retail organizations this past year were able to disrupt a ransomware attack before their data was encrypted.

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Article Details

Author / Journalist: Sophos Inc.

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-11-07 @ 11:30:00 (3 months ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 542 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 16945417

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Official Website: globenewswire.com

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Publisher ID: #116

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