Druva has published the results of a survey conducted for its first Annual Ransomware Report. With over 800 companies participating, the survey found that eight out of ten responding organizations turn to modern backup solutions as the most effective strategy to respond to ransomware attacks.
Ransomware has quadrupled over the past year, reaching an estimated $1 billion in 2016 with 4,000 attacks occurring per day; and 82 percent of survey respondents reported a rise in the rate of attacks.
“It’s no longer a question of if an organization will be the victim of a ransomware attack, but when. Druva’s Ransomware Report underscores the importance of planning. Simply put, protecting data protects your bottom line,” said Jaspreet Singh, CEO, Druva. “It’s no surprise that more and more companies are relying on backup to recover from ransomware attacks. Simple preventative planning greatly mitigates what could otherwise be costly and destructive to data recovery, not to mention devastating to overall business viability.”
Other key findings from the survey include:
- Multiple attacks are likely: nearly 50 percent of organizations that have experienced a ransomware attack are the victim of multiple attacks.
- Not just end points anymore: once thought to be contained to end points and/or end users, the survey findings point to 33 percent of ransomware attacks targeting servers.
- Ransomware attacks spread: according to those surveyed, 70 percent of attacks spread to multiple devices.
- Blind to size and location: enterprises are equally impacted regardless of company size, device type or location of data.
To download the report, click here (registration required).