Ransomware continues to be a critical threat to businesses worldwide, with a staggering 83% of organisations reporting they experienced at least one ransomware attack in the last year. Alarmingly, almost half of those affected (46%) faced four or more attacks, and 14% encountered ten or more. These attacks, which involve malicious software encrypting valuable data until a ransom is paid, are causing serious disruptions. According to recent research by Onapsis, 61% of organisations impacted by ransomware faced downtime of at least 24 hours, highlighting the critical nature of these incidents. The downtime can cripple operations, leading to financial losses and operational challenges.
ERP Systems Becoming a Prime Target
A key finding from the research reveals that 89% of organisations affected by ransomware reported that their Enterprise Resource Planning (ERP) systems were compromised. ERP systems, which manage vital business functions such as accounting, supply chain management, and human resources, have become attractive targets for cybercriminals. These systems are business-critical, and the increasing frequency of attacks on them underscores the need for dedicated security solutions. In fact, 93% of respondents agreed that securing ERP applications should be a top priority, emphasising the urgency of investing in ERP-specific cybersecurity measures.
AI-Enabled Threats Amplify Concerns
There are growing concerns about the role of artificial intelligence (AI) in amplifying cyber t
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