7 Key Findings From Datto's State Of The Channel Ransomware Report

Oct 12, 2016

7 Key Findings From Datto's State Of The Channel Ransomware Report

BY Chris Brunau

Ransomware

Ransomware is now a billion-dollar industry. Yea, you read that right. It’s an epidemic that’s growing at an alarming rate. On a weekly basis, we hear about a new strain of ransomware wreaking havoc on another industry.

In Datto’s State of the Channel Ransomware Report 2016, we surveyed over 1,000 managed service providers about the current state of ransomware. Here’s a bit of what we found out:

  • According to 97 percent of IT service providers, ransomware attacks on small businesses are becoming more frequent, a trend that will continue over the next two years.

  • More than 91 percent report clients victimized by ransomware, 40 percent of whom have experienced 6 or more attacks in the last year.

  • Around 31 percent of IT service providers have experienced multiple ransomware incidents in a single day.

  • The leading industries victimized by ransomware: Professional Services, Healthcare, and Construction & Manufacturing.

  • The average ransom requested is typically between $500 and $2,000, however, 10 percent of MSPs reported the ransom average to be greater than $5,000.

  • Paying the ransom doesn’t guarantee the return of data; 7 percent of IT service providers report recent incidents of end users paying up to no avail.

  • The most effective solution for business protection from ransomware is a backup and disaster recovery (BDR).

This is just a small piece of the incredible information we collected in our ransomware report. For more key findings and statistics on ransomware, the leading causes of ransomware attacks and more, download our report today.

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