Education sees the highest ransomware recovery cost compared to other sectors

John Shier is a senior security advisor at Sophos with more than two decades of cybersecurity experience. He is passionate about protecting consumers and organizations from advanced threats and has researched everything from costly ransomware to illicit dark web activity, uncovering insights needed to strengthen proactive cybersecurity defenses.

Since the beginning of 2020, the education sector as a whole rushed to support remote learning and IT modernization initiatives to meet student needs. However, these rapid shifts piled workloads onto IT teams, who sometimes favored convenience and speed over security. Threat actors turned their attention to these weaknesses, and as a result the sector witnessed the highest level of ransomware attacks than any other industry in 2020, based on our latest research.

John Shier, Senior Security Advisor, Sophos

Among respondents we surveyed in the education sector, 44% reported getting attacked by ransomware last year, compared to the global average of respondents across all sectors, at 37%. 

Additionally, the education sector not only tended to get attacked more often, but also experienced the highest ransomware recovery costs compared to all other sectors surveyed. On average, it cost education institutions $2.73 million to remediate the impact of a ransomware attack, including the cost

Read More: https://www.cyberscoop.com/education-sees-the-highest-ransomware-recovery-cost-compared-to-other-sectors/