Most Organizations Expect Ransomware Attack Within a Year

, and Cybersecurity Insiders, key findings revealed the gaps, misunderstandings, and obstacles that organizations face in their security posture, attack prevention, and ransomware remediation. Among the alarming findings, 77% of respondents believed that endpoint security solutions could protect their servers against malware attacks, while only 35% were confident in their organization’s ability to remediate ransomware after it locks or encrypts data within their systems. Additionally, 35% of respondents believed that they could recover from an attack in just a few days, despite research proving that recovery takes weeks or even months.

These findings indicate a new trend emerging in organizations: they are becoming resigned to the inevitability of ransomware attacks, and are starting to indicate that the standard prevention methods are not enough. This emphasizes the importance of shifting from a purely preventative approach, such as relying on EDR, to a more layered, comprehensive strategy that includes rapid containment of ongoing attacks. By implementing solutions that can quickly shut down active attacks, organizations can limit the damage inflicted and reduce recovery time, better protecting their valuable data, operations, and reputation.

BullWall, a cybersecurity solution provider, entered the North American market in May 2023 after experiencing dramatic success in Europe. Its fully automated, patented last line of defense against ransomware is used in many European mission-critical enterprises across industries such as healthcare, education, and government. BullWall continuously monitors file shares, application servers, and database servers in the cloud and in the data center, preventing server data encryption within seconds and thwarting attempts to both encrypt and exfiltrate data.

The Cybersecurity Insiders team is providing invaluable insight that is clearly needed now more than ever. Ransomware is capable of infecting over 45,000 files per minute per infected device, and last year there were over 217 million attacks in the U.S. alone according to experts. A last line of defense when ransomware gets in – and it almost always does – is absent in most organizations, and urgently needed in all.

In conclusion, organizations need to implement a layered, comprehensive strategy that includes rapid containment of ongoing attacks to limit the damage inflicted and reduce recovery time. The Cybersecurity Insiders 2023 Ransomware Report and BullWall’s fully automated, patented last line of defense against ransomware provide valuable insights and solutions to address the challenges that organizations face in their security posture, attack prevention, and ransomware remediation.