CySecurity News – Latest Information Security and Hacking Incidents
A third of mid-market UK organizations hit by cyberattacks in 2021 suffered breakdowns that knocked them offline for more than a day, a new research from cybersecurity firm Censornet revealed.
The survey discloses that more than one in five (21%) were forced to pay attackers to put an end to the attack, with the average pay-out amounting to £144,000 and 7% handing over more than £500,000. As a result, the primary demand for cybersecurity in 2022 was to see security vendors open up traditionally closed point products to enable an automated response to cyberattacks.
The report, which surveyed 200 IT decision-makers across the UK, covering ten different industries, found that ransomware was particularly problematic, as more workers work from home.
“For the UK mid-market, the cybersecurity situation is serious. The financial and reputational cost of cybercrime is rising, putting more pressure on overwhelmed professionals, who are tackling hundreds of alerts a day from siloed point products,” said Ed Macnair, CEO at Censornet. Organizations must work smarter, not harder. Only when security systems work seamlessly together, faster than humanly possible, will we see the needle begin to move in the
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