Netwrix Reports Enterprises Suffer More Ransomware & Other Malware Attacks Than Smaller Organizations

Netwrix: Enterprises Suffer More Ransomware & Other Malware Attacks Than Smaller Orgs

Courtesy of Netwrix.

Netwrix announced additional findings for the enterprise sector (organizations with more than 1,000 employees) from its annual global 2023 Hybrid Security Trends Report.

According to the survey, 65 percent of organizations in the enterprise sector suffered a cyberattack within the last 12 months, which is similar to the results among companies of all sizes (68 percent). The most common security incidents are also the same: phishing, ransomware and user account compromise.

However, larger organizations are a more frequent target for ransomware or other malware attacks: 48 percent of enterprises experienced this type of security incident on premises, compared to 37 percent among organizations of all sizes. Malware attacks are less common in the cloud: just 21 percent of respondents in the enterprise sector experienced one within the last 12 months.

“It is no surprise that the enterprise sector suffers malware attacks at a higher rate than smaller organizations,” said Dmitry Sotnikov, vice president of product management at Netwrix. “After all, ransomware operators want to maximize their profits, so they consider which organizations are most able to pay a ransom to reduce business downtime — and the larger an organization is, the costlier an operational disruption will be.”

Sotnikov continued, “On the other hand, larger organizations have more tools to spot the attack that might stay unnoticed for SMBs. In addition, enterprises have bigger infrastructure with more endpoints that statistically increases the chance of the security incident.”

The enterprise sector also reports larger expenses as a result of cyberattacks than their smaller counterparts. Indeed, 28 percent of enterprises estimated their financial damage from cyberthreats to be at least $50,000, compared to just 16 percent among organizations overall.

“Smaller companies often underestimate their risk of attack, reasoning that cybercriminals tend to target enterprises because they store more intellectual property (IP) and other sensitive data,” said Dirk Schrader, vice president of security research at Netwrix. “But our survey shows that organizations suffer cyberattacks with a similar frequency regardless of their size. Every organization has valuable data, such as customer and employee information, and is therefore a target for attackers. What’s more, SMBs are not only a target on their own but as a way into the larger enterprises that consume their services.”

For more information, visit: netwrix.com.