{"id":37092,"date":"2019-12-16T15:59:32","date_gmt":"2019-12-16T15:59:32","guid":{"rendered":"https:\/\/www.vmengine.net\/2019\/12\/16\/ransomware-and-smbs-how-much-does-downtime-cost\/"},"modified":"2025-05-23T17:19:57","modified_gmt":"2025-05-23T17:19:57","slug":"ransomware-and-smbs-how-much-does-downtime-cost","status":"publish","type":"post","link":"https:\/\/temp-new.vmenginelab.com\/en\/2019\/12\/16\/ransomware-and-smbs-how-much-does-downtime-cost\/","title":{"rendered":"Ransomware and SMBs: How Much Does Downtime Cost?"},"content":{"rendered":"
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The figure is alarming. According to Datto’s latest global report entitled “Global State of the Channel Ransomware<\/em>“, small and medium-sized businesses would be the preferred target of ransomware attacks<\/strong>. But let’s go step by step. First of all, what is a ransomware attack?<\/p>\n

It is a class of malware that makes the data of infected computers inaccessible but demands a ransom payment to restore it. Technically, they are cryptographic trojan horses<\/em> that have the sole purpose of extorting money, through a “file seizure”, through encryption that, in practice, makes the PC unusable.<\/p>\n

Thus, instead of the classic background, a notice will appear that seems to come from law enforcement and proposes an offer. In exchange for a password that can unlock all the contents, he demands that you pay a fairly large sum of money. Usually the currency used is bitcoin<\/em>.<\/p>\n

We said that Ransomware attacks mainly affect SMEs, causing serious economic damage. What? The cost of the service interruption would be 23 times higher than the ransom request<\/strong> , so much so that in 2019 it generated a 200% increase in costs compared to last year.<\/p>\n<\/div><\/div>\n

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What are the main findings of the report? Let’s go and see them together. First of all, the cost of ransomware<\/strong> is huge, estimated at an average of about $141,000 for the down time. That’s an increase of more than 200% when you consider that last year’s average outage time would be $46,800.<\/p>\n

Then you have to consider that ransomware is increasingly pervasive<\/strong>. 85% of MSPs report attacks against SMBs in the last two years (including 56% in the first half of 2019 alone), up from 79% reported in 2018.<\/p>\n

Finally, there is the discrepancy with respect to the perception of ransomware as a threat<\/strong>. 89% of MSPs say ransomware should put SMBs on high alert. However, only 28% of MSPs say there is awareness and concern on the part of SMBs.<\/p>\n<\/div><\/div>\n

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In these times, therefore, prevention is better than cure. If downtime is likely to put companies in serious difficulty<\/em> , it is good for each company to know how to prevent in order to limit the damage coming from a possible attack as much as possible.<\/p>\n

Business continuity and disaster recovery<\/strong><\/p>\n

<\/a> solutions may still be the most effective in reducing the impact of a ransomware attack. In fact, according to the study, 95% of managed service providers<\/em> (MSPs) say that their customers with such solutions in place would be less likely to experience detrimental downtime to their business in the event of an attack.<\/p>\n

Not only that, according to the statements of the managed service providers, <\/em>all customers equipped with “defense” systems would have resumed their activity in just 24 hours<\/strong>. Moral of the story: if it is not possible to wage a war on equal terms against phenomena that are potentially destructive to the company, it is better to arm yourself to the teeth and start fighting.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

The figure is alarming. According to Datto’s latest global report entitled “Global State of the Channel Ransomware“, small and medium-sized businesses would be the preferred target of ransomware attacks. But let’s go step by step. First of all, what is a ransomware attack? It is a class of malware that makes the data of infected […]<\/p>\n","protected":false},"author":3,"featured_media":31601,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[97,1374],"tags":[],"class_list":["post-37092","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog-en","category-the-analysis"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t