Chinese Shipping Company Hit by Ransomware Attack

Despite a global health crisis and disruption to many businesses around the world, ransomware attackers didn’t slow down their efforts in 2020.

According to survey findings in our annual State of the Channel Ransomware Report, managed service providers acknowledge that it’s not just their small and medium business clients being targeted by ransomware. MSPs are also concerned, and rightfully so.

MSPs report downtime costs are 94% higher than in 2019 and an astonishing 486% higher than in 2018. The complexity and sophistication of attacks are taking a much bigger toll as recovery is time-consuming, especially using traditional backup tools.