New Cybereason ransomware study reveals true cost to UAE businesses
ybereason , a leader in futureready attack protection , has
C released research findings from a global ransomware study of nearly 1,300 security professionals .
In the United Arab Emirates ( UAE ), 37 % of surveyed companies reported that they had been hit by a ransomware attack in the last 24 months . A staggering 84 % of these companies ( 24 % higher than the global average ) chose to pay the ransom , but what is interesting is that of those , 90 % suffered a second ransomware attack , often at the hands of the same threat actor group . The research also divulged that of the organisations who opted to pay a ransom demand to regain access to their encrypted systems , 59 % reported that some or all of the data was corrupted during the recovery process .
“ Our survey findings underscore why , with the exception of cases where there is a threat to life , it does not pay to pay ransomware attackers . Paying a ransom demand does not guarantee a successful recovery , does not prevent the attackers from hitting the victim organisation again and in the end only exacerbates the problem by encouraging more attacks ,” said Lior Div , CEO and Co-founder at Cybereason . “ Getting in front of the threat by adopting a prevention-first strategy for early detection will allow organisations to stop disruptive ransomware before they can hurt the business .”
ISA and MBI join forces to offer industrial cybersecurity training in Germany
he International Society of Automation ( ISA ) has
T announced that Maschinenbau Institut GmbH ( MBI ), a service company of VDMA ( Mechanical Engineering Industry Association ), are joining forces with ISA to offer a unique , German ISA cybersecurity training programme . The first activity will be a ‘ Cybersecurity Fundamentals ’ training for VDMA members , located on the Fraunhofer site in Karlsruhe , Germany .
Forged in response to the changing industrial security landscape and growing cyberthreats to automation networks and systems , the collaboration focuses specifically on training of the VDMA members in OT automation security standards .
Both organisations will share training expertise based on ISA / IEC 62443 , the world ’ s only consensus-based set of industry cybersecurity standards .
“ Cybersecurity needs to be addressed by our members , as recent global ransomware attacks have demonstrated their potential impact ,” said Managing Director , Catherine John of Maschinenbau-Institut GmbH ( MBI ), the education academy of VDMA . “ Our members need to adequately manage the associated cyber-risk stemming from the vulnerabilities of OT technology , coupled with the increased connectivity in our digital era .”
“ ISA is committed to providing quality technical resources that cover all areas of cybersecurity ,” said ISA European Director , Pieter van der Klooster . “ We are proud to welcome MBI and look forward to working together to disseminate relevant , up-todate and interesting training materials to our audience .”
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