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Ransomware attacks continue increasing

Nearly a quarter of businesses have suffered a ransomware attack, with a fifth occurring in the past 12 months, according to a latest annual report from cybersecurity specialist Hornetsecurity.

The 2022 Ransomware Report, which surveyed over 2,000 IT leaders, revealed that 24% have been victims of a ransomware attack, with one in five (20%) attacks happening in the last year.

The report highlighted a lack of knowledge on the security available to businesses. A quarter of IT professionals either don’t know or don’t think that Microsoft 365 data can be impacted by a ransomware attack. Just as worryingly, 40% that use Microsoft 365 in their organisation admitted they do not have a recovery plan in case their Microsoft 365 data was compromised by a ransomware attack.

The survey also showed that more than one in five businesses that were attacked either paid up or lost data. Hackers have an incentive to run these ransomware attacks because there’s a decent chance that they’ll get a payday – 7% of IT professionals whose organisation was attacked paid the ransom, while 14% admitted that they lost data to an attack.