MORE THAN HALF OF RANSOMWARE VICTIMS PAID THE AMOUNT DEMANDED BY HACKERS IN 2021
Hybrid work is making businesses more vulnerable than ever to cyberattacks says findings from NOVIPRO/Leger Survey – Portrait of Business IT in Canada (6th Edition)
TORONTO, Febr. 7, 2022 /CNW/ - Canadian IT company, NOVIPRO, today unveiled its sixth annual IT Portrait of Canadian Businesses in collaboration with Leger, which revealed the deep vulnerability of Canadian companies to computer attacks. The study reveals that more than half (56%) of organizations targeted by malware have paid the amounts requested by cybercriminals. Of these, one of three companies (33%) retained the services of a negotiator, while 23% proceeded without the help of an intermediary.
And why wouldn't they pay? Data is a valuable commodity. Sixty percent of companies have sensitive customer data (e.g. confidential information, credit card numbers, social insurance numbers, etc.) and nearly one third (28%) value their information assets (data, people, processes, recipes, etc.) at more than $1 million.
"As an entrepreneur, I am very concerned that so many organizations are paying a ransom," says Yves Paquette, co-founder and CEO of NOVIPRO. "Companies need to be proactive in preventing cyberattacks, otherwise the impact will be devastating to them and their customers. If organizations invested even a fraction of the potential cost of an attack, they could easily put systems in place to guard against such fraud. In the physical world, you'd employ a detachment of guards to protect something with a seven-figure value, however, there still seems to be a disconnect when the 'something' is digital."
Hybrid work breeds concerns about cyberattacks
Reflecting the feedback from 2020, companies that are victims of cyberattacks once again admit that their employees are the largest source of cyber threats (53%). Of these, 31% are motivated by malicious intent and 22% unintentionally trigger an attack by clicking, for example, on a fraudulent link. Despite this, the percentage of organizations that have trained their teams have continued to steadily decrease for the past three years. Only 40% of respondents plan to offer training to their teas on this topic next year.
"The pandemic has forced companies to focus their energies on operational emergencies," explains Dominique Derrier, Chief Information Security Officer of NOVIPRO. "We see that in 2021 they are more aware of computer threats, but are slow to take significant action. It is imperative that organizations apply the latest infrastructure and engage the right experts to ensure their IT security. Not only are their operations at stake, but their reputations as well."
Additional findings included:
The entire study is available for download from NOVIPRO at http://it-trends.ca/
About the NOVIPRO/Leger 2022 Survey