(Tampa Bay, FL) – KnowBe4, the world’s largest provider of security awareness training and simulated phishing, today released its “2018 Threat Impact and Endpoint Protection Report.” In 2017, ransomware was a multi-billion dollar business with the number of new ransomware variants continuing to grow quarter-over-quarter. Despite the many security offerings available, organizations continue to fall victim to attacks with an average of 13% of organizations surveyed experiencing a ransomware attack and 25% of organizations experiencing an external malware attack. Knowing these factors, KnowBe4 sought to understand the overall impact ransomware has on an organization.
Regardless of size or industry, every organization has the potential to become a victim of ransomware. The widespread, opportunistic nature of many attacks, mixed with an improvement in phishing-based social engineering, has led cybercriminal organizations to take the “shotgun” approach, targeting every business for whatever ransom can be paid.
KnowBe4 surveyed more than 500 organizations around the globe to determine the impact a ransomware attack has on an organization, including who is at risk, what is being held for ransom, what does it take to remediate and how does it impact the overall organization. Specific findings included:
External Malware Attacks
“While ransomware attacks are becoming more and more sophisticated, they are preventable. As the report shows, endpoint protection solutions help protect against a material percentage of malware, but don’t actually put a stop to the threat,” said Stu Sjouwerman, CEO of KnowBe4. “It’s only by adding continual testing and training of employees that organizations create their strongest security posture and see a material decrease in both ransomware and external malware attacks. This shows a well-implemented security awareness training program makes an organization much less susceptible to an attack. As these threats continue to grow, it’s imperative that organizations mobilize their last line of defense – their employees – to help protect against this threat.”
The full report and KnowBe4’s recommendations on how to improve the overall security stance can be viewed here.
KnowBe4, the provider of the world’s most popular integrated new-school security awareness training and simulated phishing platform, is used by more than 15,000 organizations worldwide. Founded by data and IT security expert Stu Sjouwerman, KnowBe4 helps organizations address the human element of security by raising awareness of ransomware, CEO fraud and other social engineering tactics through a new-school approach to security awareness training. Kevin Mitnick, internationally recognized computer security expert and KnowBe4’s Chief Hacking Officer, helped design KnowBe4’s training based on his well-documented social engineering tactics. Thousands of organizations trust KnowBe4 to mobilize their end-users as the last line of corporate IT defense.
Number 231 on the 2017 Inc. 500 list, #50 on 2016 Deloitte’s Technology Fast 500 and #6 in Cybersecurity Ventures Cybersecurity 500. KnowBe4 is headquartered in Tampa Bay, Florida with European offices in England and The Netherlands. For more information, visit www.knowbe4.com and follow Stu on Twitter at @StuAllard.