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    Delhi Govt approves 1,500 electric buses for Public Transport Fleet

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    AWS InCommunities Establishes New Oxygen Generation Plant and Renovates School to Strengthen Rural Infrastructure in Telangana

    Aruna Singh becomes CMD of RailTel Corporation

    Aruna Singh becomes CMD of RailTel Corporation

    DoT cancels NOCC charges for all telecom licence holders

    DoT cancels NOCC charges for all telecom licence holders

    C-dot inks MoU to supply local gears worth over Rs 2100 cr to railways

    C-dot inks MoU to supply local gears worth over Rs 2100 cr to railways

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    Etsy signs MoU to support small and traditional artisans from the North East

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    Redcliffe Lifetech raises $61 million to expand access to diagnostic tests across India

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    Lupin Goes Live with SAP S/4 HANA on HPE GreenLake to Drive Digital Transformation

    Hemex Health announces breakthrough measurement capability for clinicians monitoring sickle cell disease therapy

    Hemex Health announces breakthrough measurement capability for clinicians monitoring sickle cell disease therapy

    Rajsha Pharmaceuticals raises ₹2.5 crore in Equity Fundin to accelerate Expansion

    Rajsha Pharmaceuticals raises ₹2.5 crore in Equity Fundin to accelerate Expansion

    Narayana Nethralaya and Acer India Team up to build India’s first PC & tablet-based software therapy for children

    Narayana Nethralaya and Acer India Team up to build India’s first PC & tablet-based software therapy for children

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    L&T Technology Services, Pandit Deendayal Energy University Collaborate to develop Sustainable Technologies

    Dr. Rajesh Sikka joins FORE School of Management’s OT & OM Area

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    NIT Warangal Offers Online Course on Machine Learning for Engineering

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    IIT Mandi develops wireless powering and communication technology for IoT applications

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    L&T Technology Services lends technical & financial support to IIT Madras’ Avishkar team for Hyperloop project

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    Samsung Smart School’ Inaugurated at Jawahar Navodaya Vidyalaya, Varanasi

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    Ujjivan Small Finance Bank adopts MoEngage’s Customer Engagement Platform

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    Worldline India’s SMB vertical grows at over 50 per cent YoY

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    UPI hits record high transactions in April

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Home Technology Security

Two-Thirds of Organizations Have Suffered One Ransomware Attack: Fortinet Ransomware Survey

85% Are More Concerned of a Ransomware Attack Than Other Cyber Threats

October 4, 2021
in Security
Two-Thirds of Organizations Have Suffered One Ransomware Attack: Fortinet Ransomware Survey

Bengaluru: A Fortinet survey reveals most organizations are more concerned about ransomware than other cyberthreats. However, while the majority of organizations surveyed indicated they are prepared for a ransomware attack, including employee cyber training, risk assessment plans, and cybersecurity insurance, there was a clear gap in what many respondents viewed as essential technology solutions for protection and the technology that can best guard against the most commonly reported methods to gain entry to their networks.

Based on the technologies viewed as essential, organizations were most concerned about remote workers and devices, with Secure Web Gateway, VPN and Network Access Control among the top choices. While ZTNA is an emerging technology, it should be considered a replacement for traditional VPN technology. However, most concerning was the low importance of segmentation (31%), a critical technology solution that prevents intruders from moving laterally across the network to access critical data and IP. Likewise, UEBA and sandboxing play a critical role in identifying intrusions and new malware strains, yet both were lower on the list. Another surprise was secure email gateway at 33%, given phishing was reported as a common entry method of attackers.

Organizations More Concerned About Losing Data

The top concern of organizations regarding a ransomware attack was the risk of losing data, with the loss of productivity and the interruption of operations following closely behind. In addition, 84% of organizations reported having an incident response plan, and cybersecurity insurance was a part of 57% of those plans.In regards to paying ransom if attacked, the procedure for 49% was to pay the ransom outright, and for another 25%, it depends on how expensive the ransom is. Of the one-quarter who paid ransom, most, but not all, got their data back.

Says Rajesh Maurya, Regional Vice President, India & SAARC at Fortinet, “According to a recent FortiGuard Labs Global Threat Landscape report, ransomware grew 1070% yearoveryear. Unsurprisingly, organizationscited the evolving threat landscape as one of the top challenges in preventing ransomware attacks. As evidenced by our ransomware survey, there is a huge opportunity for the adoption of technology solutions like segmentation, SD-WAN, ZTNA, as well asSEG and EDR, to help protect against the threat of ransomware and the methods of accessmost commonly reportedby respondents. The high amount of attacks demonstrates the urgency for organizations to ensure their security addresses the latest ransomware attack techniques across networks, endpoints, and clouds.The good news is that organizations are recognizing the value of a platform approach to ransomware defense.”

Ransomware Concerns Consistent Globally

While concerns about ransomware were reasonably consistent across the board, there were some differences regionally. Respondents in EMEA (95%), Latin America (98%), and APJ (Asia-Pacific/Japan) (98%) were only slightly more concerned about ransomware attacks than their peers in North America (92%). All regions perceive the loss of data as the top risk associated with a ransomware attack, along with the worry that they will be unable to keep up with an increasingly sophisticated threat landscape. APJ, uniquely, lists the lack of user awareness and training as their top concern. Respondents in APJ and Latin America were more likely to have been victims of a ransomware attack in the past (78%) compared to 59% in North America and 58% in EMEA. Phishing lures were a common attack vector everywhere, while remote desktop protocol (RDP) exploits and open vulnerable ports were top attack vectors in APJ and LatAm.

The Need for Integration and Intelligence

Almost all respondents view actionablethreat intelligence with integrated security solutions or a platform as critical to preventing ransomware attacks and see value inartificial intelligence (AI)-driven behavioral detection capabilities.

Tags: CybersecurityFortinetFortinet Ransomware SurveyRansomware
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