Security Market Segment LS
Thursday, 28 September 2017 08:01

SMBs paid US$301m as ransom in last year: survey Featured

By

Data protection company Datto has released the results of a ransomware survey based on data from 1700 managed service providers which shows that a sum of US$301 million was paid to attackers between the second quarter of 2016 and the second quarter of 2017.

The survey, State of Channel Ransomware Report, unsurprisingly found that MSPs forecast ransomware attacks were expected to increase.

The MSPs in question work with more than 100,000 small- and medium-sized businesses and 99% of the MSPs predict an uptick in attacks will continue across the next two years. 

The survey also found that the financial strain caused by ransomware attacks was more due to downtime, rather than the payment of the actual ransom.

There was a big difference in the degree of concern over ransomware among the MSPs and the SMBs, with 90% of the former saying they were "highly concerned while only 38% of SMBs felt the same way.

The survey found six in seven SMBs globally victimised by ransomware between 2015 and 2017 while six in 10 reported attacks in the first half of 2017. For the Asia-Pacific region, 93% of MSPs reported attacks between 2015-2017 and 75% reported attacks in the first half of 2017.

datto one

Globally, 79% of MSPs reported recent attacks on between one and five SMBs. In the APAC region, 35% of MSPs reported attacks on on more than six SMBs in the last year. The same percentage reported multiple ransomware incidents on a single day.

Less (35%) SMBs globally paid the ransom demanded, but the figure in APAC was higher (44%).

Twenty-nine percent of MSPs reported that ransomware persisted on an SMB's systems after a first attack and struck again at a later date while 33% of MSPs reported an SMB's back-up was also encrypted. For the APAC region, 42% experienced back-ups being encrypted.

As far as attacks went, CryptoLocker attacks accounted for 834% globally. WannaCry was reported in the APAC region by 20% of MSPs.

datto two

Looking at industries affected, the MSPs reported construction and manufacturing highly targeted (48% globally and 62% in APAC). Professional services were reported as being targeted by 28% of MSPs, while healthcare (28%), real estate (12%) and education (12%) followed.

Software-as-a-service was not immune from ransomware attacks either, the survey found. Seventy-six percent of the MSPs found attacks in Dropbox, 32% in Office 365, 21% in G Suite apps, 5% in box and 2% in Salesforce. In APAC, overall 42% reported ransomware infections in cloud-based apps - 78% in Dropbox, 30% in Office 365 and 15% in the G Suite.

Back-up and disaster recovery solutions were seen as the way to avoid ransomware attacks turning into a disaster. Ninety-six percent of MSPs reported that SMBs who had these measures in place were able to fully recover. In APAC, this figure was 60%.

Without these measures in place, 40% of MSPs reported that SMBs were unable to recover.

The report can be downloaded here after registration.

Graphics: courtesy Datto


Please join our community here and become a VIP.

Subscribe to ITWIRE UPDATE Newsletter here
JOIN our iTWireTV our YouTube Community here
BACK TO LATEST NEWS here

PROMOTE YOUR WEBINAR ON ITWIRE

It's all about Webinars.

Marketing budgets are now focused on Webinars combined with Lead Generation.

If you wish to promote a Webinar we recommend at least a 3 to 4 week campaign prior to your event.

The iTWire campaign will include extensive adverts on our News Site itwire.com and prominent Newsletter promotion https://itwire.com/itwire-update.html and Promotional News & Editorial. Plus a video interview of the key speaker on iTWire TV https://www.youtube.com/c/iTWireTV/videos which will be used in Promotional Posts on the iTWire Home Page.

Now we are coming out of Lockdown iTWire will be focussed to assisting with your webinatrs and campaigns and assassistance via part payments and extended terms, a Webinar Business Booster Pack and other supportive programs. We can also create your adverts and written content plus coordinate your video interview.

We look forward to discussing your campaign goals with you. Please click the button below.

MORE INFO HERE!

INTRODUCING ITWIRE TV

iTWire TV offers a unique value to the Tech Sector by providing a range of video interviews, news, views and reviews, and also provides the opportunity for vendors to promote your company and your marketing messages.

We work with you to develop the message and conduct the interview or product review in a safe and collaborative way. Unlike other Tech YouTube channels, we create a story around your message and post that on the homepage of ITWire, linking to your message.

In addition, your interview post message can be displayed in up to 7 different post displays on our the iTWire.com site to drive traffic and readers to your video content and downloads. This can be a significant Lead Generation opportunity for your business.

We also provide 3 videos in one recording/sitting if you require so that you have a series of videos to promote to your customers. Your sales team can add your emails to sales collateral and to the footer of their sales and marketing emails.

See the latest in Tech News, Views, Interviews, Reviews, Product Promos and Events. Plus funny videos from our readers and customers.

SEE WHAT'S ON ITWIRE TV NOW!

BACK TO HOME PAGE
Sam Varghese

Sam Varghese has been writing for iTWire since 2006, a year after the site came into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.

Share News tips for the iTWire Journalists? Your tip will be anonymous

WEBINARS ONLINE & ON-DEMAND

GUEST ARTICLES

VENDOR NEWS

Guest Opinion

Guest Interviews

Guest Reviews

Guest Research

Guest Research & Case Studies

Channel News

Comments