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Mimecast released a new report that found one in five businesses has suffered six or more ransomware attacks this year.
The report entitled “State of Ransomware Readiness: Facing the Reality Gap,” based on a global survey of 742 cybersecurity professionals, shows while all organizations are targets of ransomware attacks, large enterprises are taking the brunt of them, suffering an average of 10,000 incidents over the past two years.
While it’s encouraging to see that the new federal budget has included $12.6 million to fight scams and online fraud, Nick Lennon, VP of APAC at Mimecast, pointed out that there is still much work to be done before achieving a solid national security posture.
“Building up cyber resilience requires time, planning, sufficient budget, and resources and simply can’t remain as an afterthought post-breach,” Lennon said.
The Mimecast’s 2022 State of Ransomware Readiness report also claims that 70% of Australian cyber security leaders agree that since last year, there have been more cyberattacks on their companies.
To better understand the ransomware threat and determine its effect on cybersecurity teams and enterprises, The State of Ransomware Readiness surveyed 1,100 cybersecurity decision-makers worldwide. This research examines how firms are currently guarding against assaults and ransomware’s financial and human ramifications.
In addition, 57% of Australians (as opposed to 55% globally) believe that cyber-attacks will partially disrupt Australia’s vital national infrastructure (such as utilities, banks, transportation, etc.) in the next two years.
These staggering figures highlight the need for businesses to take proactive measures to protect themselves from ransomware attacks. This includes training employees on cybersecurity best practices and regularly backing up important data. It is also crucial for businesses to have a response plan in place in case of a ransomware attack, as prompt action can significantly reduce the overall impact on the industry.
With several alarming cyber incidents happening recently, it is clear that ransomware attacks are a growing concern for businesses in Australia. These attacks disrupt operations, potentially leading to the loss of sensitive data and can result in significant financial damage.
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