Ransomware Attacks Grow for Small Businesses
Author : Matt Yarranton
22 August 2019

Two organisations have recently released reports on the state of ransomware and cybersecurity incidents affecting small businesses.

Datto’s State of the Channel Ransomware Report

Datto has recently released their “State of the Channel Ransomware Report”  for 2019 which surveyed over 2400 managed service providers (MSPs) across the world about ransomware attacks within their client base.  The report reveals:

  • 79% of MSPs reported ransomware attacks against its customers.
  • SMBs are largely in the dark about the frequency and severity of ransomware attacks.
  • Lack of end-user education is the leading cause of successful cyber attacks.
  • Phishing emails are the most common medium for ransomware attacks.  93% of all phishing emails are ransomware according to many sources.
  • The average cost of downtime caused by ransomware is 10x the average ransom.
  • Attacks on Apple devices is up 500% meaning that being on Apple does not mean you are safe!
  • Ransomware infections of cloud systems is increasing, and these will become more of a target for attackers.

Gallagher’s SMEs In An Age Of Crises Report

Released shortly afterwards, a report released by Cyber Insurance firm Gallagher reveals that cybersecurity incidents cost UK SMEs £8.8 billion in 2018.  A poll of 1,120 UK SMEs found an average of £6,416.50 was paid out by UK SMEs last year to deal with incidents.  24% admitted they had experienced a cyber incident event last year. That equates to 1.4 million businesses across the UK, up by 5% from 2017.  17% of UK SMEs affected spent £10,000 or more to deal with the aftermath of the incident.

Having systems that are protected with advanced malware protection, and are up to date with their patches is the first line of defence.  However, this is not a silver bullet and defence in depth is the best approach.  End user education will go a long way to ensuring that your staff are educated in recognising any threats that do get through.  Finally, having a business disaster recovery plan and system in place is key to a rapid recover from an attack should all else fail.

Contact us to learn how we can help you, or click here to download a copy of the Datto report.

More Content

What is the Microsoft Modern Workplace?

Microsoft has been hard at work over the past few years to create a new "modern" workplace. Sounds great right, but what is this, and what are its benefits? The Microsoft Modern Workplace is designed to make it easier for employees to collaborate online, and to help...

Is Your Business Ready for Another COVID-19 Lockdown?

Given the rapid rise in cases over the past few weeks, another lockdown was inevitable. Employers and employees alike will now be used to a 'new normal' where we are encouraged to work from home. During the last lockdown, we all learned that it is possible for us to...

How to delay Windows 10 updates

It is an undisputed fact that, to keep your computer secure, you should keep the software running on it up to date.  We go on about it again and again and again.  However, there is a balance between making sure that you have the latest Windows 10 updates, and also...

How Much Should You Pay for IT Managed Service Costs in the UK?

If you are looking for managed IT services in the UK, then you should know that there is no "one-size-fits-all" solution. There are many managed service providers out there and they offer a huge range of prices. This can be overwhelming when trying to choose between...

3 Things You Must Do to Protect Against Ransomware

Ransomware is an increasingly common and devastating cyberattack that can happen to any business. The ransomware attacks that get the most media attention are those on high profile companies, but ransomware attacks on small businesses are increasing too. Many smaller...

How to spot a scam

Would you know how to recognise a scam? In the 21st century, you are highly unlikely to encounter a con artist in the street as they hide behind phones, text messages and emails.  But the motivations behind 21st-century fraudsters have not changed; they want to make...

VIDEO: How to create email signatures in Outlook

This Tech Tip will show you how to create and manage email signatures in Outlook. One of the things I get asked about most by new users of Microsoft Office is how to create a professional email signature. Your email signature is not only a useful way to provide your...

Facebook Meta: A New Reality?

Facebook Meta: A New Reality? Facebook has been a part of our lives for the past decade and Facebook Meta is Facebook's next step into the future. Facebook Meta is an augmented reality system that will allow users to play games, purchase items, meet friends, and more...

Get on top of this now if any of your staff are hybrid working

People are increasingly doing their work remotely and hybrid working has become the new norm. Despite the fact that it has been more than two years since many of us were forced to work from home, too many organisations still do not have the appropriate cyber security...

Office 365 and Windows RDS: Maximum Remote Working Flexibility

Windows Remote Desktop Services (RDS) has been around for years. I was using it over 20 years ago and was a fan.  It was an excellent solution for flexible working over slow connections, which is all we had back then!  However, back then, you needed something else to...
Share This