SMBs: Less than 1 in 3 ransomware attacks reported to authorities

Less than one in three small- and medium-sized businesses hit with ransomware reported the attack to authorities in 2017, according to Datto's State of the Channel Ransomware Report.

For its report, Datto gathered findings from more than 1,700 managed service providers serving more than 100,000 SMBs around the world. The report spans the second quarter of 2016 to the second quarter of 2017.

Here are seven report insights.

1. An estimated 5 percent of SMB respondents experienced a ransomware attack, with 60 percent reporting attacks in the first half of 2017 alone.

2. Thirty-five percent of SMBs said they paid the ransom, but of those that paid, 15 percent never recovered their data.

3. The largest proportion of SMBs (47 percent) said the ransom requested was typically between $500 and $2,000.

4. Seventy-five percent of SMBs experienced business-threatening downtime during a ransomware attack.

5. The construction and manufacturing industry was the hardest hit vertical, experiencing 48 percent of attacks, followed by professional services (28 percent) and healthcare (28 percent).

6. All MSPs reported Windows as the operating system most commonly infected with ransomware, although the report notes OS X (3 percent), Android (3 percent) and Linux (3 percent) operating systems are also vulnerable.  

7. CryptoLocker (85 percent) was the most common ransomware variant attacking SMBs, followed by CryptoWall (46 percent) and Locky (29 percent).

Click here to read the full report.

More articles on cybersecurity:

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Minnesota hospital notifies patients of breach after failing to 'BCC' a mass email


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