Nearly 60% of companies are ‘very’ to ‘extremely’ concerned about ransomware attacks, according to the latest research from leading cybersecurity provider, Hornetsecurity. The company released the survey results at IT-SA 2023, Europe’s largest IT security trade show.
In its annual Ransomware Survey, Hornetsecurity revealed that more than nine-in-10 (92.5%) businesses are aware of ransomware’s potential for negative impact, but just 54% of respondents said their leadership is ‘actively involved in conversations and decision-making’ around preventing such attacks. Four-in-10 (39.7%) said they were happy to ‘leave it to IT to deal with the issue’.
“Our annual Ransomware Survey is a timely reminder that ransomware protection is key to ongoing success,” said Daniel Hofmann, CEO, Hornetsecurity. “Organisations cannot afford to become victims – ongoing security awareness training and multi-layered ransomware protection is critical to ensure there are no insurmountable losses.”
This survey has been conducted annually over the past three years and has included asking respondents if their organisation has fallen victim to a ransomware attack. Since 2021, Hornetsecurity has found relatively small changes in the percentage of respondents saying their organisations have fallen victim to a ransomware attack: 21.1% in 2021, 23.9% in 2022, but a new low of 19.7% in 2023.
“Although organisations have reported fewer ransomware attacks in 2023, the threats haven’t necessarily decreased,” Hofmann added. “Cybersecurity awareness among all users remains a crucial element to further decrease the risk of falling for these threats, especially as attacks become more sophisticated with new technologies.”
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