80% of Businesses Lose to Ransomware via Social Media, Phishing

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Over 80% of hacked companies reported that attack entry points were phishing emails and social media, according to a new report by SentinelOne published on Friday.

Also read: ‘No More Ransom’: A Summer Ransomware Project by Tech Security Giants

‘Immediate Need for Better Solutions’

securityThe latest findings compound evidence that business security is no match for today’s hacking threat, with multiple surveys in 2016 stating similar results.

The survey of businesses in the U.K., U.S., France and Germany revealed an immediate need for better solutions,” a precis of the results stated.

SentinelOne is a California-based cybersecurity developer, which partnered with research firm Vanson Bourne to produce the international snapshot.

Respondents produced more worrying feedback. In the UK, only 13% of affected companies notified insurance providers following an attack, pointing to barriers further up the chain which malicious parties have already likely identified.

Read more ... source: TheBitcoinNews

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