Welcome!

News Feed Item

Companies Doubt Their Ability to Detect, Respond to and Remediate Ransomware Attacks, According to New Survey

Companies aren’t very confident in their ability to detect, respond to and remediate ransomware attacks, according to the 2017 Ransomware Report, sponsored by user behavior analytics and activity monitoring company Veriato and 13 other companies and conducted by Crowd Research Partners.

Of the cybersecurity professionals surveyed, 33 percent said they had already suffered from a ransomware attack. Yet, 56 percent lack confidence in their company’s ability to remediate ransomware, while about 60 percent of respondents are moderately to slightly confident or not confident at all in their company’s ability to detect and block ransomware. The main problems in dealing with ransomware include a lack of budget and no defined incident response team.

“Companies need to do a better job preparing for potential cybersecurity attacks, because one day, you will be targeted,” said Larry Thompson, president of Veriato. “It’s shocking that even though 33 percent of companies have already had a ransomware attack, too many doubt their ability to prevent or remediate those attacks, and a large number of companies aren't putting the teams in place at all to help deal with an attack if it happens."

The survey findings also show that companies are slow in detecting and recovering from attacks. Only 24 percent of respondents believe their company can detect attacks in real time. In addition, only 31 percent feel their company could recover from an attack within a few hours.

"Even more alarming is the fact that 22 percent don't believe they are likely to be attacked in the next year, and 7 percent believe they will not be attacked," Thompson added. "These are the types of companies that aren't making the effort to prepare to detect, respond to and remediate these threats, so when they are hit, the ramifications in lost time, money and resources will be extremely material."

The 2017 Ransomware Report was commissioned by Cybersecurity Insiders, and is based on a survey of more than 500 cybersecurity professionals. The survey is the most comprehensive research on ransomware to date, studying how corporate IT and security professionals are dealing with ransomware threats, and how well organizations are preparing to better protect their companies’ data and IT infrastructure.

For a copy of the entire report, visit here: https://www.cybersecurity-insiders.com/portfolio/2017-ransomware-report/.

About Veriato

Veriato is an innovator in actionable user behavior analytics and a global leader in user activity monitoring. More than 40,000 companies, schools and government entities worldwide utilize Veriato to gain insight into the user activity on their networks and benefit from the security and productivity increases that come with it. Veriato’s product line includes the world’s leading employee investigation tool (Veriato Investigator), award-winning User Behavior Analytics (Veriato Recon), User Activity Monitoring (Veriato 360), and Ransomware defense (Veriato RansomSafe). For more information, visit the company’s website at www.veriato.com.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
This session will provide an introduction to Cloud driven quality and transformation and highlight the key features that comprise it. A perspective on the cloud transformation lifecycle, transformation levers, and transformation framework will be shared. At Cognizant, we have developed a transformation strategy to enable the migration of business critical workloads to cloud environments. The strategy encompasses a set of transformation levers across the cloud transformation lifecycle to enhance ...
Your job is mostly boring. Many of the IT operations tasks you perform on a day-to-day basis are repetitive and dull. Utilizing automation can improve your work life, automating away the drudgery and embracing the passion for technology that got you started in the first place. In this presentation, I'll talk about what automation is, and how to approach implementing it in the context of IT Operations. Ned will discuss keys to success in the long term and include practical real-world examples. Ge...
The challenges of aggregating data from consumer-oriented devices, such as wearable technologies and smart thermostats, are fairly well-understood. However, there are a new set of challenges for IoT devices that generate megabytes or gigabytes of data per second. Certainly, the infrastructure will have to change, as those volumes of data will likely overwhelm the available bandwidth for aggregating the data into a central repository. Ochandarena discusses a whole new way to think about your next...
So the dumpster is on fire. Again. The site's down. Your boss's face is an ever-deepening purple. And you begin debating whether you should join the #incident channel or call an ambulance to deal with his impending stroke. Yes, we know this is a developer's fault. There's plenty of time for blame later. Postmortems have a macabre name because they were once intended to be Viking-like funerals for someone's job. But we're civilized now. Sort of. So we call them post-incident reviews. Fires are ne...
Whenever a new technology hits the high points of hype, everyone starts talking about it like it will solve all their business problems. Blockchain is one of those technologies. According to Gartner's latest report on the hype cycle of emerging technologies, blockchain has just passed the peak of their hype cycle curve. If you read the news articles about it, one would think it has taken over the technology world. No disruptive technology is without its challenges and potential impediments t...
Hackers took three days to identify and exploit a known vulnerability in Equifax’s web applications. I will share new data that reveals why three days (at most) is the new normal for DevSecOps teams to move new business /security requirements from design into production. This session aims to enlighten DevOps teams, security and development professionals by sharing results from the 4th annual State of the Software Supply Chain Report -- a blend of public and proprietary data with expert researc...
CloudEXPO New York 2018, colocated with DevOpsSUMMIT and DXWorldEXPO New York 2018 will be held November 12-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI and Machine Learning to one location.
DXWorldEXPO LLC announced today that Nutanix has been named "Platinum Sponsor" of CloudEXPO | DevOpsSUMMIT | DXWorldEXPO New York, which will take place November 12-13, 2018 in New York City. Nutanix makes infrastructure invisible, elevating IT to focus on the applications and services that power their business. The Nutanix Enterprise Cloud Platform blends web-scale engineering and consumer-grade design to natively converge server, storage, virtualization and networking into a resilient, softwar...
CloudEXPO | DevOpsSUMMIT | DXWorldEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
The digital transformation is real! To adapt, IT professionals need to transform their own skillset to become more multi-dimensional by gaining both depth and breadth of a wide variety of knowledge and competencies. Historically, while IT has been built on a foundation of specialty (or "I" shaped) silos, the DevOps principle of "shifting left" is opening up opportunities for developers, operational staff, security and others to grow their skills portfolio, advance their careers and become "T"-sh...
Lori MacVittie is a subject matter expert on emerging technology responsible for outbound evangelism across F5's entire product suite. MacVittie has extensive development and technical architecture experience in both high-tech and enterprise organizations, in addition to network and systems administration expertise. Prior to joining F5, MacVittie was an award-winning technology editor at Network Computing Magazine where she evaluated and tested application-focused technologies including app secu...
DXWorldEXPO LLC announced today that Big Data Federation to Exhibit at the 22nd International CloudEXPO, colocated with DevOpsSUMMIT and DXWorldEXPO, November 12-13, 2018 in New York City. Big Data Federation, Inc. develops and applies artificial intelligence to predict financial and economic events that matter. The company uncovers patterns and precise drivers of performance and outcomes with the aid of machine-learning algorithms, big data, and fundamental analysis. Their products are deployed...
ICC is a computer systems integrator and server manufacturing company focused on developing products and product appliances to meet a wide range of computational needs for many industries. Their solutions provide benefits across many environments, such as datacenter deployment, HPC, workstations, storage networks and standalone server installations. ICC has been in business for over 23 years and their phenomenal range of clients include multinational corporations, universities, and small busines...
This sixteen (16) hour course provides an introduction to DevOps, the cultural and professional movement that stresses communication, collaboration, integration and automation in order to improve the flow of work between software developers and IT operations professionals. Improved workflows will result in an improved ability to design, develop, deploy and operate software and services faster.
Headquartered in Plainsboro, NJ, Synametrics Technologies has provided IT professionals and computer systems developers since 1997. Based on the success of their initial product offerings (WinSQL and DeltaCopy), the company continues to create and hone innovative products that help its customers get more from their computer applications, databases and infrastructure. To date, over one million users around the world have chosen Synametrics solutions to help power their accelerated business or per...