Ransomware Attacks on the Rise in Manufacturing Industry

The Growing Threat of Ransomware Attacks

According to a recent report by Sophos, a global leader in cybersecurity, more than two-thirds (68%) of manufacturing companies hit by ransomware attacks globally had their data encrypted by hackers. This is the highest reported encryption rate for the sector over the past three years and is in line with a broader cross-sector trend of attackers more frequently succeeding in encrypting data.

Ransomware attacks have become an increasingly common threat to businesses and organizations of all sizes. These attacks involve hackers gaining access to a company’s computer systems and encrypting their data, making it inaccessible to the company. The hackers then demand a ransom payment in exchange for the decryption key.

Manufacturing Industry Hit Hard by Ransomware

The manufacturing industry has been particularly hard hit by these attacks. Despite an increase in the percentage of manufacturing organizations that used backups to recover data, with 73% of the manufacturing firms using backups this year versus 58% in the previous year, the sector still has one of the lowest data recovery rates.

This highlights the importance of companies taking proactive measures to protect themselves against ransomware attacks. This includes regularly backing up important data, keeping software an

[…]
Content was cut in order to protect the source.Please visit the source for the rest of the article.