The rise of ransomware is a great concern for small to medium sized businesses in 2021 and making sure you and your employees are up to date on on the most recent statistics is important. Here are some ransomware statistics for 2021:
Ransomware should be on every businesses mind especially as most of us are moving to a remote centered world whether it be for school or work. Being able to know how ransomware works and who these criminals are targeting is important.
The estimated frequency of ransomware attacks on businesses is 1 every 11 seconds. This is a sobering statistic as the odds are your business will be targeted at one point or another.
Who’s The Target?
With a 6% year-over-year increase, the percentage of businesses expected to become victims of ransomware is 62%. Many people assume it’ll never be them however this is not the case. Every business must be prepared for the reality of a ransomware attack.
What’s The Cost?
The average cost of a ransomware attack is $4.4 million. While that cost is extremely high it doesn’t begin to cover the downtime and potential bad press your company could obtain.
Are Your Prepared?
Statistics show that 39% of businesses are unprepared for a ransomware attack. This is a disappointing number, however 3 out of 4 companies with a disaster recovery plan were able to recover in roughly 24 hours, a far cry from the average 19 days of downtime ransomware attacks may cause.
Hopefully these statistics provide new insight on how much of a potential threat ransomware has become to ALL businesses. Make sure you aren’t gambling with your security and contact CIT today if you believe your company is in danger of a potential breach.
Corporate Information Technologies provides small to mid-market organizations with expert I.T. services including compliance assessment, cybersecurity penetration tests, and comprehensive business continuity planning services. Corporate Information Technologies can help organizations, quantify, create, refine, and mitigate the risks presented by business threatening disasters in whatever form they may be disguised.
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