Ransomware causes an average loss of USD 820,000 to Brazilian companies

by Kelvin
Ransomware causa prejuízo médio de usd 820 mil a empresas brasileiras

This Thursday (8), the sophos, a company that develops and supplies software and hardware security, revealed a survey on the issue of cybersecurity in Brazil. The call ransomware it causes immense damage to the victim companies, who try to restructure themselves in whatever way they can. Based on this alarming cause, the survey aims to locate global and national data regarding the challenges that corporations have faced to protect themselves from intruder attacks. The presentation was led by the director André Carneiro and the sales engineer Rafael Foster.

The main indicators of the study show that there has been an increase in attacks on companies’ security systems, which, in turn, deal with high expenses to recover part of their data. The country registers 29% of high cases. The internal movement that has been observed is based on the adoption of new technologies to try to meet this need for protection.

Sophos Research: Ransomware Attacks in Brazil

The list of interviewees for the base of the survey comprises 29 countries in addition to Brazil, which provided 200 responses. Nations such as India, Japan and Germany contributed 300 reports. The total is 5,400 participants.

  

The first information given by the speakers were statistics about the growing number of companies victimized by security attacks against their integrity. According to the survey, in the last 12 months, 37.5% of the organizations suffered attacks by ransomware, that is, attacks that paralyze the internal system of corporations and are charged by criminals to rescue it back. Failure to comply with the action may result in the total loss or disclosure of sensitive data. The national percentage is above the global average, which closed at 37%.

Based on respondents’ responses, India was the most affected by the attacks in 2020 (68%), followed by Austria (57%) and the United States (51%). Brazil is in the 15th place, but still with a worrying percentage.

The report also pointed out that most victim companies get their data back, but not always in full. 67% of national corporations used backups data, with a record greater than the global average (57%). 22% of them paid the ransom, while 4% used other means. The positive side is that 93% of those affected were successful.

Ransomware causes average losses of usd 820 thousand to Brazilian companies

Unlike the backup complete data, redemption made by payment does not guarantee 100% return. On the global average, 65% of the data was retrieved. In Brazil, of those that were hit by the attacks, the percentage of the rescue reached 70% of the data.

Exorbitant spending and cybersecurity parameters

While there is a concern to rescue as much data as possible, the costs to make this process viable are high and vary according to the methodology adopted by the company. In general terms, the average of the expense acquired, according to the interviewees, is USD 170,404. However, there were reports of over $3 million spent. Brazil, although below the global average, still had a loss of US$ 820,000.

Ransomware causes average losses of usd 820 thousand to Brazilian companies

95% of national companies responded that they have recovery plans for possible attacks ransomware. However, one of their main fears is the fact that criminals’ organization is increasingly coordinated and improved, 44% said. The second biggest concern is the issue of becoming targets based on attack records from other companies in the same segment (25%).

On the other hand, 56% of Brazilian respondents said they felt secure due to the training of a specialized IT security team. 39% still said they have technology that prevents the activity of the ransomware.

Ransomware causes average losses of usd 820 thousand to Brazilian companies

With examples of weaknesses in corporate cybersecurity becoming more and more common, the Sophos survey also mentioned famous recent cases on the national scene, such as JBS, which had 55 million reais in losses for the rescue of its data, and Fleury , which spent 25 million reais. Both occurrences were registered in June of this year.

As the new trend in the corporate environment to adapt the activities of the IT team, this is a crucial moment for the application of technologies that are sufficient to deal with the most planned attacks. To better reconcile the situation, the sophos recommends, among other topics, combining humans with technology from intensive training, adopting a recovery plan. malware, not paying the ransom – since there will be no return of 100% of the data – and creating strategies for backup, which can become very useful in the long run.

See too

Go to Showmetech for more similar content. Learn more about the situation of internet providers in Brazil, whose 91% of them currently offer fiber optics, according to data from TIC Providers 2020.

Source: sophos