RANSOMWARE RECOVERY COST FOR UAE IN 2021 IS $517,961: SOPHOS SURVEY

THE SURVEY POLLED 5,400 IT DECISION MAKERS IN MID-SIZED ORGANISATIONS IN 30 COUNTRIES ACROSS EUROPE, THE AMERICAS, ASIA-PACIFIC & CENTRAL ASIA, THE MIDDLE EAST, AND AFRICA.

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UAE’s ransomware recovery cost is $517,961 in 2021, says Sophos survey.

Sophos, a global leader in next-generation cybersecurity, has announced the findings of its global survey, “The State of Ransomware 2021,” which reveals that the average total cost of recovery from a ransomware attack has more than doubled in a year, increasing from $761,106 in 2020 to $1.85 million in 2021. The average ransom paid is $170,404. The global findings also show that only 8% of organisations managed to get back all of their data after paying a ransom, with 29% getting back no more than half of their data.

The survey polled 5,400 IT decision makers in mid-sized organisations in 30 countries across Europe, the Americas, Asia-Pacific and Central Asia, the Middle East, and Africa.

While the number of organisations that experienced a ransomware attack fell from 51% of respondents surveyed in 2020 to 37% in 2021, in the UAE, 38% of respondents mentioned a ransomware attack in the last one year, down from 49% in 2020. Globally,fewer organisations suffered data encryption as the result of a significant attack (54% in 2021 compared to 73% in 2020), while in the UAE it dropped to 50%, down from 78% in 2020. The new survey results reveal worrying upward trends, particularly in terms of the impact of a ransomware attack.