The Economic Times reports:
Cybersecurity firm Sophos has released its fifth annual State of Ransomware in Retail report, highlighting how visibility gaps across retail networks continue to leave businesses vulnerable. The survey of 361 IT and security leaders across 16 countries found that 46% of ransomware attacks in the sector originated from previously unknown security weaknesses.
The report also shows that 58% of retail organisations that had data encrypted chose to pay the ransom – the second-highest payment rate in five years. While ransom demands have risen sharply, with the median demand doubling to $2 million, the average payment stood at $1 million, indicating that retailers are increasingly negotiating or resisting initial demands.
Read more at Econimic Times
