Confidence in ransomware recovery is high but actual success rates remain low BetaNews

pA new study from OpenText of nearly 1800 global IT and security leaders shows a false sense of confidence in ransomware readinessppThe report shows that 95 percent of respondents say theyre confident in their ransomware recovery yet only 15 percent of those attacked have fully recovered their datappIn a rapidly changing threat landscape new attack methods weak governance and supply chain vulnerabilities are exposing critical gaps between preparation and performance creating a higherstakes environment for defenders and leaders alike This is especially true for SMBs that have fewer formal AI policiesppOrganizations are right to be confident in their progress in security posture but they cant afford to be complacent says Muhi Majzoub executive vice president security products at OpenText AI fuels productivity while also heightening risk through insufficient governance and its expanding use in attacks Managing information securely and intelligently is essential to building resilience in organizations of any sizeppAmong other findings 88 percent allow employees to use GenAI tools yet less than half 48 percent have a formal AI use policy Enterprises lead in AI governance 52 percent compared to SMBs 43 percent by having a formal AI policy in place ppLooking at attack methods 52 percent report increased phishing or ransomware due to AI while 44 percent have seen deepfakestyle impersonation attempts Top AIrelated concerns among respondents include data leakage 29 percent AIenabled attacks 27 percent and deepfakes 16 percentppWhen it comes to ransomware thirdparty risks remain a threat 40 percent of respondents experienced a ransomware attack in the past year with nearly half of those were hit more than once 45 percent of victims paid a ransom and 30 percent paid 250K or more Despite this only 15 percent of those hit fully recovered their data and two percent recovered nothing 25 percent experienced ransomware attacks originating from a software vendorppYou can find out more on the OpenText site and theres an infographic summary of the findings belowppImage credit RawpixeldepositphotoscomppAt BetaNewscom we dont just report the news We live it Our team of techsavvy
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