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Report Shows Small Percentage Of Employees Know About Ransomware

By November 11, 2017June 21st, 2022Cybersecurity

The statistics are alarming. Ransomware is fast becoming the favored hobby horse of hackers worldwide. Barely a week goes by that a new strain isn’t introduced into the wild, with expensive, and often tragic consequences. Right now, the average amount paid by office workers impacted by a ransomware attack is $1400, a figure that continues to creep higher.

What’s perhaps even more alarming, however, is the fact that although companies the world over have made a concerted effort to sound the alarm on the danger this type of software represents, no more than 30 percent of knowledge workers have any real understanding of the dangers that ransomware poses, according to Intermedia’s 2017 Data Vulnerability Report.

One of the most curious findings of the report was the fact that employees more often shoulder the costs of ransomware payments than employers do, with fully 59 percent of impacted employees paying the ransom out of their own pockets.

Unfortunately, small and medium-sized businesses are particularly vulnerable to this large and growing threat. Jonathan Levine, Intermedia’s CTO, had this to say on the topic:

“As ransomware continues to evolve and become more advanced, organizations of all sizes and types must acknowledge it as a very real threat. This is especially true for SMBs that may not have the resources, tools or training that larger organizations use to recognize, prevent and protect themselves from such attacks. Ransomware can infiltrate and shut down an entire business through just one infected computer. More often than not, SMBs feel they are forced to pay a ransom they can’t, but must afford, and hackers realize this.”

Perhaps worst and most distressing of all is the fact that 19 percent of the time, even when a ransom is paid, the files are never unlocked, making it a bad gamble. If you run a company of any size, make sure your employees from top to bottom fully appreciate the threat this attack vector poses.

Jason Manteiga

Jason J. Manteiga, Vice President of Olmec Systems, has been part of the company for over the past 20 years. He believes that having a great work environment and supportive team, is the ultimate key to success. Since being in the IT realm for over 25 years, Jason, along with Olmec Systems, has been on the Inc. 5000 “List of America’s Fastest Growing Private Companies” and Channel Futures MSP 501 “Top Managed Service Providers in North America,” along with other awards and nominations. Jason earned his Bachelor Degree in Information Systems from the New Jersey Institute of Technology. He also holds certifications in Microsoft MCSE, VMWare VCP, and Cisco CCNA. In his spare time, Jason is a contributor for The Center for Social & Legal Research (Privacy Exchange) and a member of the Morris County Chamber of Commerce. His hobbies include cycling and kayaking. He currently lives in New Jersey with his wife, two daughters and son.