DiscoverThe Tech Talks Daily Podcast1085: Associated Costs of Ransomware up 200% Year on Year
1085: Associated Costs of Ransomware up 200% Year on Year

1085: Associated Costs of Ransomware up 200% Year on Year

Update: 2020-01-19
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Datto offers business continuity and disaster recovery, networking, business management, and file backup and sync solutions, and has created a one-of-a-kind ecosystem of partners that provide Datto solutions to businesses across the globe.

In Datto's Global State of the Channel Ransomware Report, it revealed that SMEs may be continuing to take the ransomware bait, but MSPs are now enabling two-factor authentication to double down on ransomware preparation against their list of future ransomware attack targets: IoT devices (64%) and social media accounts (63%).

The average ransom requested by hackers in 2019 has increased too, costing $5,900 (£4,800) now compared to $4,300 (£3,500) in 2018. That's a 37% increase, and despite this increase, 24% of MSPs reported clients having paid the ransom to recover their data. But outsourcing IT services reduces the ransomware threat.

Ryan Weeks, CISO, Datto join me on this daily tech podcast to talk about the findings in the report and explore the Ransomware threat landscape.

As Chief Information Security Officer (CISO), Ryan is responsible for directing and managing Datto's Information Security program. Ryan spent 11 years securing enterprise applications, systems and sensitive customer financial data at FactSet Research Systems, where he orchestrated all facets of the global information security program.

Ryan holds a B.S. in Computer Information Systems from Ithaca College, a M.S. in Information Assurance from Northeastern University and has industry security certifications including the Certified Information Systems Security Professional (CISSP) and the Certified Information Security Manager (CISM).

 

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1085: Associated Costs of Ransomware up 200% Year on Year

1085: Associated Costs of Ransomware up 200% Year on Year