SMBs Face Serious Ransomware Damages

On average, a single crypto-malware attack may cost small and medium-sized businesses (SMBs) up to $99,000.

By Tara Seals

Kaspersky Lab’s 2016 Corporate IT Security Risks survey found that more than half (67%) of SMBs reported complete or partial loss of corporate data due to this type of ransomware. To go along with that, about 42% of SMBs say they consider crypto-malware to be one of the most serious threats that their organization could face.

The bad actors appear to be succeeding somewhat in their extortion attempts: 34% of respondents admit to paying extortionists the ransom to get their critical business data back during an attack, even though getting the data back isn’t a “sure thing.”

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