Sophos has published a new report on ransomware in the manufacturing sector, "The State of Ransomware in Manufacturing and Production". The main conclusion is that this sector pays, on average, the highest ransomware ransoms (€2.036.189), compared to the average across all sectors (€812.360).
Furthermore, compared to last year, 66% of the organizations surveyed reported an increase in the complexity of cyberattacks and 61% an increase in the volume of cyberattacks, also exceeding the global average by 7% and 4%, respectively.
Lower attack rate
Although the manufacturing sector pays the highest amounts to recover from a ransomware attack, the percentage of organizations that actually paid the ransom is among the lowest of the various sectors: 33%, compared to the global average of 46%.
The manufacturing sector also recorded the lowest attack rate, along with financial services, with only 55% of its organizations being targeted by ransomware. However, the percentage of organizations in the sector affected by ransomware increased by 52% compared to 2021.
The sector also recorded the lowest encryption rate: 57%, compared to the global average of 65%, and only 75% of respondents stated they had purchased cyber insurance, also the lowest percentage across all sectors.
