Security News > 2022 > March > IT leaders confident in their ability to manage a ransomware attack: They should know better

ExtraHop released findings from a survey on ransomware that sheds light on the discrepancies between how IT decision makers see their current security practices, and the reality of the ransomware attack landscape.

This inflated confidence is even more dangerous in light of the frequency of ransomware attacks-as 85% reported having suffered at least one ransomware attack, and 74% reported experiencing multiple incidents in the past five years.

The impacts of ransomware and how ITDMs are dealing with it The cost of ransomware is high: 72% of respondents admitted to ever paying a ransom while 42% of companies that suffered a ransomware attack said they paid the ransom demanded most or all of the time.

"This research highlights the discrepancies between the reality of today's sophisticated attack landscape and the overconfidence that many business leaders have in their ability to manage an attack," said Jeff Costlow, CISO at ExtraHop.

"Defenders need tools that can track attacker activity across cloud, on-premises, and remote environments so they can identify and stop an attack before they can compromise the business."

To combat these challenges, organizations should look for ransomware mitigation tools that can capture network communications across all devices, and use technologies like behavioral analytics and artificial intelligence to detect behaviors that signal a ransomware attack in progress.

News URL

https://www.helpnetsecurity.com/2022/03/07/itdms-ransomware/