New Sophos sectoral survey report, “The State of Ransomware in Retail 2022” shows retailers continue to suffer among highest rates of ransomware attacks of any industry ~
The retail industry had the second highest rate of ransomware attacks last year.
“In Sophos’ experience, the organisations that are successfully defending against these attacks are not just using layered defenses, they are augmenting security with humans trained to monitor for breaches and actively hunting down threats that bypass the perimeter before they can detonate into even bigger problems.
As the percentage of retail organisations attacked by ransomware increased, so did the average ransom payment. In 2021, the average ransom payment was $226 044, a 53% increase on 2020’s $147 811. However, this was less than one-third the cross-sector average $812 000. “With Initial Access Brokers and Ransomware-as-a-Service , it’s unfortunately easy for bottom-rung cybercriminals to buy network access and a ransomware kit to launch an attack without much effort. Individual retail stores and small chains are more likely to be targeted by these smaller opportunistic attackers.
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