Ransomware – the current impact on organizations

Although we've seen a recent lull in ransomware attacks, new research published by Menlo Security suggests a third of organizations in the US and UK with more than 1,000 employees experience a ransomware attack at least once a week, and one in 10 experience it multiple times a day.

The biggest worry is employees ignoring corporate security advice and clicking on links or attachments containing malware (46%). This suggests Security Awareness Training (SAT) is still an underfunded part of IT security initiatives. As technical controls (for ex. email filtering) seem to fail so often, the attackers being more innovative than ever, relying on employee preparedness to raise the organization's ability to withstand attacks makes only more sense.

According to the same research, the most prevalent vector of ransomware attacks is email (predictably), with clients and potential customers being the most likely entry point for the attack, in line with popular usage of third party relationships to deploy business email compromise (BEC) and ransomware attacks.

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