8 ransomware incidents annually is the norm for organizations

TLDR:

Organizations face an average of 8 ransomware incidents per year, with an average ransom payment of almost $2.5 million. The report highlights that organizations in the United States, healthcare, agriculture, and government sectors, and organizations with 4,000 or more employees are at greater risk. Security leaders are advised to be prepared for ransomware attacks and develop more resilient security frameworks.

Article Summary:

Security Magazine’s report on ransomware incidents reveals that organizations face an average of 8 ransomware incidents per year, with an average ransom payment of almost $2.5 million. The report emphasizes that organizations in the United States are at higher risk, especially in sectors like healthcare, agriculture, and government. Additionally, organizations with 4,000 or more employees reported more incidents.

Mark Bowling, Chief Information Security and Risk Officer at ExtraHop, highlights the importance of being prepared for ransomware attacks and developing resilient security frameworks to prevent and mitigate the damage caused by such incidents. The cybersecurity industry is urged to work together to identify ransomware attacks before they have devastating effects on organizations and economies.