The ransomware challenge for the financial services sector continues to grow. Attack rates are up over the last year, with cyber criminals succeeding in encrypting data in over half of attacks. Sophos have released The State of Ransomware in Financial Services 2022 report, which offers fresh insights into ransomware attacks, costs, recovery, and ransom payouts
39% of UK businesses identified a cyber attack in the 12 months to March 30, 2022.[1] Phishing constituted 83% of these cases; 21% related to denial of service, malware and ransomware. A sharp increase in cyber incidents over the past two years, particularly ransomware-related attacks, has led to higher insurer losses and a desire, on
The threat environment is more challenging than ever. Here’s what it takes to get cyber insurance in 2022. Earlier this year, we asked 5,600 IT professionals about their experiences with cyber insurance. The results are mixed, but the key takeaways are that cyber insurance is becoming harder and more expensive to get due in part
Sophos Managed Threat Detection, a new service from the Sophos Managed Threat Response (MTR) team, is now available. Sophos Managed Threat Detection provides 24/7 threat monitoring, and it is designed to run in parallel with non-Sophos endpoint protection products, which means you can continue to use your current endpoint protection while enjoying the peace of mind that comes with being monitored by Sophos threat experts. Managed Threat