BOSTON, Jan. 24, 2017 (GLOBE NEWSWIRE) -- Businesses consider ransomware a very serious threat; however, most are ill prepared to handle a ransomware attack, according to a new study released today by Carbonite (NASDAQ:CARB). The research report, The Rise of Ransomware, which was conducted by The Ponemon Institute, details the malicious software's cause and effect chain and offers solutions to mitigate ransomware risks.
The data represents insights from those responsible for containing ransomware infections within their organizations, including IT professionals and IT managers, who primarily report to the Chief Information Officer (CIO). According to these respondents, current technologies aren't considered sufficient to prevent ransomware infections, leading many companies (48 percent) to pay the ransom.
The majority of IT professionals believe that backup is critical to their ransomware protection strategy. Sixty-eight percent of IT professionals in companies that experienced a ransomware incident say it is essential (30 percent) or very important (38 percent) to have full and accurate backup as a defense against future ransomware incidents.
"This study reveals a startling prevention gap: most businesses are either underprepared for an attack — or even worse — underestimate the risk ransomware places on their broader organizations," said Dr. Larry Ponemon, chairman and founder of the Ponemon Institute.
According to the data, ransomware risks are significant. The primary losses businesses suffer include:
"Ransomware will continue to outpace the rate at which businesses can defend against it," said Norman Guadagno, chief evangelist at Carbonite. "If businesses take one insight away from this research, it is that you are not alone in feeling vulnerable to ransomware attacks. Now is the time to act: educate staff on simple measures you can take to avoid an attack and update your data protection measures now, before it's too late."
Get the entire report of survey results by joining a webinar hosted by Carbonite and The Ponemon Institute. Join here: http://get.evault.com/webinar-the-rise-of-ransomware.html
To learn more about how to protect your company against cybersecurity threats visit: https://www.carbonite.com/en/cloud-backup/business/resources/small-business-data/what-is-ransomware/
Learn why backup software is essential for business, and get best practices to manage and protect small business data by visiting Carbonite's suite of resources:
This study was conducted by Ponemon Institute on behalf of Carbonite between September 5 and 19, 2016 among 618 individuals in small to midsized organizations in the U.S. who have responsibility for containing ransomware infections within their organization.
Carbonite (Nasdaq:CARB) is a leading provider of cloud backup and restore solutions for small and midsize businesses. Together with our partners we protect millions of devices and their valuable data for businesses and individuals around the world who rely on us to ensure their important data is secure, available and useful.
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