The Illusion of Declining Ransomware Attacks: A False Sense of Security

Despite the perception of a declining threat, ransomware attacks still occur at a steady rate. Stay vigilant and protect your customer's data with robust cybersecurity from Sophos.

  • July 17, 2023 | Author: Alan Strakey
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In recent years, ransomware attacks have increased in volume and sophistication, becoming a grave concern for businesses worldwide. While some argue that the frequency of ransomware attacks is declining, the rate of attacks has remained steady.

According to the Sophos “State of Ransomware 2023" report, 66 percent of the organizations surveyed were attacked by ransomware—the same percentage as the previous year. The report also shows that 76 percent of these ransomware attacks succeeded in encrypting data. In the last year, recovery costs have doubled for organizations that used backups to restore data.

The Importance of Staying Vigilant

The misperceived decline in ransomware attacks can lead to complacency, leaving businesses vulnerable to exploitation. Ransomware attacks often target vulnerabilities in outdated software or exploit human error, making continuous monitoring and patching essential. Firms must maintain a proactive cybersecurity approach, educate employees about potential threats, and regularly update defense systems.

To overcome these challenges, partners are increasingly turning to Sophos Managed Detection and Response (MDR) services. Customers get an elite threat monitoring and response team without adding headcount or losing sleep.

Bolster Your Security Portfolio with Enhanced MDR Services

Sophos MDR offers advanced threat hunting, detection, and response capabilities and round-the-clock protection against emerging threats. This package delivers unparalleled cybersecurity outcomes.

Now, Sophos has extended its reach, announcing the release of  Sophos MDR for Microsoft Defender. It is a fully-managed offering that provides the industry’s most robust threat response capabilities for organizations using Microsoft Security. Companies get a critical layer of 24/7 protection across the Microsoft Security suite of endpoint, SIEM, identity, cloud, and other solutions to safeguard against data breaches and cyberattacks. This update enables the Sophos MDR operations team to identify and stop more threats than Microsoft Security tools – or any security technology – can on their own.

Cybersecurity is an ongoing battle. Staying ahead requires a partner that provides a level of sophistication much greater than the competition. By incorporating MDR services into their portfolio, Sophos partners can differentiate themselves in a highly competitive and growing market by offering their customers enhanced security measures with a lower total cost of ownership.

Learn more about the benefits of selling Sophos MDR and the Sophos Partner Program at www.sophos.com/en-us/partners.