One in four Saas solutions will be attacked by ransomware in 2020 according to a new report from Datto.
A survey of more than 1,000 managed service providers found that 25 percent of SaaS applications were targeted by ransomware, with nearly two-thirds (64%) of attacks targeting Microsoft 365 solutions..
The report also found that Dropbox (54%) and Google Workspace (25%) were also heavily targeted and SME security budgets increased by up to 50% with downtime costing up to 50 times the ransom..
As a result of the pandemic, the transition to remote work and the rapid adoption of cloud applications have increased security risks for businesses.. More than half (59%) of MSPs said that working remotely due to COVID-19 increased ransomware attacks, and 52% of MSPs reported that shifting customer workloads to the cloud increased security vulnerabilities..
“The COVID-19 pandemic has accelerated the need for stronger security measures with the increasing spread of remote and cloud applications,” said Ryan Weeks, Datto’s chief information security officer.. Reducing the risk of cyber attacks requires a multi-layered approach rather than a single product – awareness, education, experience, and purpose-built solutions play a major role.
The report also found that 95 percent of managed service providers feel that their business is at greater risk of a cyber attack than their partners, with 46 percent of managed security service providers seeking help from managed security service providers (MSSPs) to make sure they work..
Barry O’Donnell, Director of Operations at TSG said: « As an MSP that specializes in protecting small and medium business customers from breaches such as ransomware, we constantly monitor the frequency, type, and severity of attacks. ».
“When a customer faces an attack, we rely on technology and creative IT solutions to minimize the impact of the breach”
“In part due to the epidemic and the need to shift workloads to the cloud, we have seen an increase in the number of ransomware attacks and ransom demands.. The sophistication and increasing frequency of these attacks has led to additional countermeasures such as IT security assistance from MSSPs, in addition to a growing number of clients increasing their IT security budgets..
Computer Security, Cyber Attack, and Information Security
World News – AU – SaaS Apps targeted a quarter of the time with cyberattacks – UC Today
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