Ransomware has proven to be one of the most persistent and destructive cyber threats. Despite organizations taking much-needed steps to secure themselves, criminals are still finding success and causing huge financial strains. Recent attacks have become even more disruptive and damaging in the wake of the COVID-19 crisis, with criminals continuing to target hospitals and other at-risk organizations.
In a recent survey of managed service providers (MSPs) and internal IT departments, conducted by NinjaRMM and Coveware, we found:
The majority of IT professionals see ransomware as an existential threat, but most don’t think they, themselves, are at significant risk.
Less than a third of MSPs and internal IT departments have cyber insurance.
Nearly three-quarters of IT professionals somewhat or strongly disagree with considering paying the ransom.