Every year cybersecurity solution vendors release reports citing their take on the latest industry trends and threats. Some of these reports are insightful and useful while others are thinly disguised marketing pieces. We considered releasing one of our own but, rather than adding to our readers’ to-do lists, we decided to take some burden off your shoulders and provide a crib notes review of these releases. With our Industry Report Scorecard series, we take key cybersecurity industry reports and boil them down into easy to read, quick-hitting summaries of the best information, key trends and top take-aways that we believe are actionable and productive to helping business leaders better manage their security posture throughout their organization.
Ransomware Threat Report
Here we dive in to Palo Alto Networks’ Unit 42 Ransomware Threat Report. This report is both timely and useful. With detailed information on industry trends as well as an emphasis on year-over-year changes in costs, the report usefully illustrates the potential business impact of a ransomware event. Our scorecard highlights key findings such as:
Ransomware is lucrative: demands and payments have skyrocketed with the amount of the average ransom paid ballooning 171% over the past year.
- The Americas are a key target, with 62% of all victims being from these geographies.
- Fighting the bad guys is expensive- Incident response costs for tech companies has risen 65%.
In addition to analyzing the report and its findings, we also provide our own recommendations on how you can protect your organization against ransomware attacks, like those noted in the report, and improve your security posture overall. Simple solutions such as awareness training, vulnerability and patch management solutions, penetration testing and deploying successful monitoring can all make a significant difference to your risk of attack.
View our scorecard for a full analysis of the report, key takeaways and recommended steps to minimize the risk a ransomware attack poses to your organization.