White paper: The state of ransomware 2020

Johannesburg, 05 Oct 2020
Read time 50sec

Stories of organisations crippled by ransomware regularly dominate the IT news headlines, and accounts of six- and seven-figure ransom demands are commonplace. But do the news stories tell the full story?

To understand the reality behind the headlines, Sophos commissioned an independent survey of 5 000 IT managers across 26 countries. The findings provide brand new insight into what actually happens once ransomware hits. It reveals the percentage of attacks that successfully encrypt data; how many victims pay the ransom; how paying the ransom impacts the overall clean-up costs; and the role of cyber security insurance. Be prepared to be surprised.

Sophos commissioned specialist research house Vanson Bourne to survey 5 000 IT managers on their experiences of ransomware. Sophos had no role in the selection of respondents and all responses were provided anonymously. The survey was conducted during January and February 2020.

See also