OpenText has released results of its annual 2023 OpenText Cybersecurity Global Ransomware Survey.
Findings show a similarity in how small-to-medium sized businesses (SMBs) and enterprises (with more than 1,000 employees) think about ransomware attacks, including a disconnect about who is a target and growing concern about the use of AI by threat actors.
While the majority of organisations don’t believe they will be attacked, they do understand the business risks as evidenced by increased security spending and plans to expand security teams.
“The conviction ‘it won’t happen to me’ is a risky mindset. Cyberattacks have become increasingly common and can have serious consequences; no business is immune to an attack,” said Prentiss Donohue, Executive Vice President, OpenText Cybersecurity.
“While many businesses take the right defensive steps like using access controls, deploying backup and monitoring for threats, a layered security approach that includes education remains the best defence against ransomware. On-going education of the risks as well as the techniques used to perpetuate an attack is essential to avoid falling victim.”
A total of 43% of enterprises plan to increase the number of employees working on cybersecurity, and of these, almost half (46%) plan to increase the number of employees working on cybersecurity by 5% to 10%.