A full 79% of respondents indicated their companies had experienced a business disruption, financial loss or other setback in 2020 due to a lack of cyber preparedness. Respondents identified ransomware as the chief culprit behind these disruptions. Other insights include:
- 61% indicated they had been impacted by ransomware in 2020, a 20% increase over the number of companies reporting such disruption in last year’s report.
- Companies impacted by ransomware lost an average of six working days to system downtime, with 37% saying downtime lasted one week or more.
- 52% of ransomware victims paid threat actor ransom demands, but only 66% of those were able to recover their data. The remaining 34% never saw their data again, despite paying the ransom.