By Emma Okonji
Sophos, a global next-generation cybersecurity company, has released the key findings of its recent global survey report, titled: ‘The State of Ransomware 2021,’ which revealed that the average cost of recovery from a ransomware attack has more than doubled in a year, increasing from $761,106 in 2020 to $1.85 million in 2021.
According to the report, the average ransom paid was $170,404.
The global report also stated that only eight per cent of organisations managed to get back all of their data after paying a ransom, with 29 per cent getting back no more than half of their data.
The survey polled 5,400 Information Technology (IT) decision makers in mid-sized organisations in 30 countries across Europe, the Americas, Asia-Pacific and Central Asia, the Middle East, and Africa, which includes Nigeria.
Ransomware: Recovery cost reaches $2 Million yearly-Sophos
On
By Juliet Umeh
Findings by a global next-generation cybersecurity, firm Sophos, has revealed that the average total cost of recovery from a ransomware attack has more than doubled in a year, increasing from $761,106 in 2020 to $1.85 million in 2021.
According to the company, the average ransom paid is $170,404. The global findings also show that only 8% of organisations managed to get back all of their data after paying a ransom, with 29% getting back no more than half of their data.
The survey polled 5,400 IT decision makers in mid-sized organisations in 30 countries across Europe, the Americas, Asia-Pacific and Central Asia, the Middle East, and Africa.
Indians second-most attacked by cyber criminals after Japanese in Asia Pacific
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Last Updated: Feb 25, 2021, 01:06 PM IST
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The IBM report said that attacks on India made up 7% of all attacks X-Force observed in 2020.
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NEW DELHI: India was the second most attacked country by cyber criminals after Japan in Asia Pacific in 2020, according to an IBM report released on Wednesday. In 2020, IBM Security X-Force observed attackers pivoting their attacks to businesses for which global COVID-19 response efforts heavily relied, such as hospitals, medical and pharmaceutical manufacturers, as well as energy companies powering the COVID-19 supply chain. India was the second most attacked country in the Asia Pacific. Attacks on India made up 7 per cent of all attacks X-Force observed on Asia in 2020.
A performance review, done well, applauds excellent work, delivers beneficial feedback and inspires a feeling of forward momentum. It’s not easy to pull off in the best of times, and as work-from-home drags on, the task can feel even more challenging.
Inspiring employees to remain engaged and productive is a growing issue. The number of chief executives who cited employee performance as a top concern shot up to 56% in 2020, from 36% in 2019, according to research by the Predictive Index, a firm that uses data analytics to help companies with hiring and management decisions.
What follows is some advice for managers to guide you through reviews in this pandemic-upended year.