09/06/2022
Sophos is proud to release The State of Ransomware in Financial Services 2022 report, which offers fresh insights into ransomware attacks, costs, recovery, and ransom payouts affecting financial services organizations over the last year. 💰
The report is based on Sophos' annual study of the real-world ransomware experiences of IT professionals, of which 444 respondents came from the financial services sector, working in mid-sized companies (100-5,000 employees) across 31 countries.
The study reveals an increasingly challenging attack environment, and the growing financial and operational burden ransomware is placing on financial services organizations. It also sheds light on the relationship between ransomware and cyber insurance, including the role cyber insurance is playing in driving changes to cyber defenses.
See more key findings and get the report here:
The ransomware challenge for the financial services sector continues to grow. Attack rates are up over the last year, with cyber criminals succeeding in encrypting data in over half of attacks.