Survey: 68% of ransomware victims in the manufacturing industry had their data encrypted

June 30, 2023
Sophos has released the results of their latest survey, “The State of Ransomware in Manufacturing and Production 2023.”

Sophos has released the results of their latest survey, “The State of Ransomware in Manufacturing and Production 2023.” Of the many findings, the report highlights that in 68% of ransomware attacks against manufacturers, the attackers were able to encrypt the data. According to Sophos, this is the highest reported encryption rate for the industry over the past three years. In addition, 73% of survey respondents used backups to recover data, up from 58% the previous year, while recovery times increased. Only 55% of those surveyed were able to recover within a week, down from 67% in 2022.

In a recent quote, John Shier, field CTO for Sophos, said, “Using backups as a primary recovery mechanism is encouraging, since the use of backups promotes a faster recovery. While ransom payments cannot always be avoided, we know from our survey response data that paying a ransom doubles the costs of recovery. With 77% of manufacturing organizations reporting lost revenue after a ransomware attack, this added cost burden should be avoided, and priority placed on earlier detection and response.”

Sponsored Recommendations

Arc Flash Prevention: What You Need to Know

March 28, 2024
Download to learn: how an arc flash forms and common causes, safety recommendations to help prevent arc flash exposure (including the use of lockout tagout and energy isolating...

Reduce engineering time by 50%

March 28, 2024
Learn how smart value chain applications are made possible by moving from manually-intensive CAD-based drafting packages to modern CAE software.

Filter Monitoring with Rittal's Blue e Air Conditioner

March 28, 2024
Steve Sullivan, Training Supervisor for Rittal North America, provides an overview of the filter monitoring capabilities of the Blue e line of industrial air conditioners.

Limitations of MERV Ratings for Dust Collector Filters

Feb. 23, 2024
It can be complicated and confusing to select the safest and most efficient dust collector filters for your facility. For the HVAC industry, MERV ratings are king. But MERV ratings...