{"id":4249,"date":"2020-05-22T12:20:05","date_gmt":"2020-05-22T16:20:05","guid":{"rendered":"https:\/\/solutionsreview.com\/endpoint-security\/?p=4249"},"modified":"2020-05-22T12:20:05","modified_gmt":"2020-05-22T16:20:05","slug":"sophos-state-of-ransomware-2020-report-shows-dangers-of-paying","status":"publish","type":"post","link":"https:\/\/solutionsreview.com\/endpoint-security\/sophos-state-of-ransomware-2020-report-shows-dangers-of-paying\/","title":{"rendered":"Sophos State of Ransomware 2020 Report Shows Dangers of Paying"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-3919\" src=\"https:\/\/solutionsreview.com\/endpoint-security\/files\/2019\/05\/fileless-malware-mod.jpg\" alt=\"Sophos State of Ransomware 2020 Report Shows Dangers of Paying\" width=\"800\" height=\"400\" srcset=\"https:\/\/solutionsreview.com\/endpoint-security\/files\/2019\/05\/fileless-malware-mod.jpg 800w, https:\/\/solutionsreview.com\/endpoint-security\/files\/2019\/05\/fileless-malware-mod-300x150.jpg 300w, https:\/\/solutionsreview.com\/endpoint-security\/files\/2019\/05\/fileless-malware-mod-768x384.jpg 768w, https:\/\/solutionsreview.com\/endpoint-security\/files\/2019\/05\/fileless-malware-mod-540x270.jpg 540w, https:\/\/solutionsreview.com\/endpoint-security\/files\/2019\/05\/fileless-malware-mod-162x81.jpg 162w, https:\/\/solutionsreview.com\/endpoint-security\/files\/2019\/05\/fileless-malware-mod-360x180.jpg 360w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Sophos recently released the <\/span><a href=\"https:\/\/www.sophos.com\/en-us\/medialibrary\/Gated-Assets\/white-papers\/sophos-the-state-of-ransomware-2020-wp.pdf\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400\">State of Ransomware 2020<\/span><\/a><span style=\"font-weight: 400\"> report. This report surveyed 5,000 IT decision-makers around the world, generating new insights when a ransomware attack hits. According to the report, around 51 percent of businesses suffered a significant ransomware attack in the previous 12 months.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\"><div class=\"box box3\">Our <a href=\"https:\/\/solutionsreview.com\/endpoint-security\/free-endpoint-protection-buyers-guide\/\" target=\"_blank\" rel=\"noopener noreferrer\">Buyer&#8217;s Guide for Endpoint Security<\/a> helps you evaluate the best solution for your use case and features profiles of the leading providers, as well as a category overview of the marketplace.<\/div><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Sophos develops products for communication endpoint, encryption, and email security. Additionally, it provides cloud-native data security, network security, mobile security, and unified threat management. Among its offerings, Sophos offers the Intercept X Endpoint, the XG Firewall, and Managed Threat Response.\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">In the State of Ransomware 2020 report, Sophos researchers found the average total cost of a ransomware attack for businesses that pay the attack approaches $1.4 million. Meanwhile, those who refuse to pay the ransomware found their costs halved to around $732,000. Criminals successfully encrypted files in 73 percent of attacks and breaches. Moreover, 27 percent of organizations said they paid the ransom, despite that encouraging future attacks. 56 percent of professionals recovered their data via backup without paying the ransom.\u00a0\u00a0\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Chester Wisniewski, principal research scientist, Sophos, gave a statement with the release of the State of Ransomware 2020 report. \u201cOrganizations may feel intense pressure to pay the ransom to avoid damaging downtime. On the face of it, paying the ransom appears to be an effective way of getting data restored, but this is illusory.\u201d\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">\u201cSophos\u2019 findings show that paying the ransom makes little difference to the recovery burden in terms of time and cost. This could be because it is unlikely that a single magical decryption key is all that\u2019s needed to recover. Often, the attackers may share several keys and using them to restore data may be a complex and time-consuming affair.\u201d<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Learn more about <\/span><a href=\"https:\/\/www.sophos.com\/en-us.aspx\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400\">Sophos<\/span><\/a><span style=\"font-weight: 400\"> here.<\/span><\/p>\n<p><span style=\"font-weight: 400\"><div class=\"widget\"><div class=\"aside-card\">\t\t\t<div class=\"textwidget\"><p><a class=\"#\" href=\"https:\/\/solutionsreview.com\/endpoint-security\/free-endpoint-protection-buyers-guide\/\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-1682\" src=\"https:\/\/solutionsreview.com\/endpoint-security\/files\/2019\/01\/endpoint-security-speedbump-cta.jpg\" alt=\"Download Link to Endpoint Security Buyer's Guide\" width=\"800\" height=\"225\" \/><\/a><\/p>\n<\/div>\n\t\t<\/div><\/div><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sophos recently released the State of Ransomware 2020 report. This report surveyed 5,000 IT decision-makers around the world, generating new insights when a ransomware attack hits. According to the report, around 51 percent of businesses suffered a significant ransomware attack in the previous 12 months. Sophos develops products for communication endpoint, encryption, and email security. [&hellip;]<\/p>\n","protected":false},"author":41,"featured_media":3919,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1,335],"tags":[75,22,13,40,30,161,92,23,84,51,1221],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sophos State of Ransomware 2020 Report Shows Dangers of Paying<\/title>\n<meta name=\"description\" content=\"Sophos recently released the State of Ransomware 2020 report. 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