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Most Firms Unable to Recover Quickly from Ransomware

Infosecurity Magazine
Ransomware

Overview

A recent study by Fenix24 revealed that most companies struggle to recover from ransomware attacks within their targeted recovery time frames. Out of over 800 clients surveyed, only four managed to recover in the desired 24 to 48 hours. This indicates a broader issue within organizations regarding their preparedness and response strategies for ransomware incidents. The slow recovery times not only affect business operations but also lead to increased financial losses and prolonged downtime. As ransomware attacks become more prevalent, companies need to reassess their incident response plans and invest in better recovery solutions to mitigate these risks.

Key Takeaways

  • Action Required: Companies should reassess their incident response plans and invest in better recovery solutions.
  • Timeline: Newly disclosed

Original Article Summary

Fenix24 found only four of more than 800 clients came close to stated ransomware recovery targets of 24-48 hours

Impact

Not specified

Exploitation Status

The exploitation status is currently unknown. Monitor vendor advisories and security bulletins for updates.

Timeline

Newly disclosed

Remediation

Companies should reassess their incident response plans and invest in better recovery solutions.

Additional Information

This threat intelligence is aggregated from trusted cybersecurity sources. For the most up-to-date information, technical details, and official vendor guidance, please refer to the original article linked below.

Related Topics: This incident relates to Ransomware.

Read Original Article

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