According to FEMA, 60% of businesses close within a year after a disaster.
A study by AtlasVPN says: 31% of US companies close down after falling victim to ransomware.
The data is provided by Cybereason, a cybersecurity company that focuses on ransomware prevention. They surveyed 1,263 cybersecurity professionals in April of 2021. The participants were from the United States (24%), United Kingdom (24%), Spain (12%), Germany (12%), France (12%), United Arab Emirates (8%), and Singapore (8%).
There are a variety of business sizes represented. Organizations with 500 or more employees (30%) are the most common, but they also received replies from companies with 250-500 employees (23%), 100-249 employees (25%), 50-99 employees (11%), 10-49 employees (10%), and fewer than 10 people (1%).
Employee and staff layoffs
Even though the majority of ransomware attacks do not result in business closure, a significant portion of companies are forced to eliminate some jobs. Interestingly, layoffs strongly depend on the industry.For example, 50% of enterprises in the legal sector lay off employees after a ransomware attack. A close second is the retail industry, where 48% of ransomware victims had to let go of some workers.
How a business can stay open in the world of ever-increasing cyber threats?
- Backup, backup, backup... with Macrium. Store backups in two places, on-premise and off-premise.
- Do not email sensitive documents, rather share secure, encrypted links that expire.
- Be vigilant!
- Implement defense measures that minimize the risk.
