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Retail sector top target for ransomware attack in 2020: Report
Updated On: 12 August, 2021 10:07 AM IST | New Delhi | IANS
The total bill for rectifying a ransomware attack in the retail sector, considering downtime, people time, device cost, network cost, lost opportunity, ransom paid, and more, was USD 1.97 million on average -- compared to a cross-sector average of USD 1.85 million, the report revealed
Photo for representational purpose. Picture Courtesy/iStock
The global retail sector faced the highest level of ransomware attacks during 2020, with 44 per cent of organisations hit (compared to 37 per cent across all industry sectors), according to a report by UK-based cybersecurity firm Sophos on Wednesday.
The report "Sophos State of Ransomware in Retail," looked at the extent and impact of ransomware attacks on the retail sector worldwide during 2020.
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