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New Studies Report Financial Firms Are Most at Risk for Ransomware Attacks

business sectors vulnerable to ransomware attacks
February 15, 2022

Trellix, formerly McAfee Enterprise and FireEye, has gathered new data revealing that banks and financial organizations are currently the hottest targets for cybercriminals and are, at the moment, the business sectors most vulnerable to ransomware attacks, comprising 22% of crimes recorded.

Which other business sectors are vulnerable?

While experts warn that all business sectors are vulnerable to ransomware attacks, some industries are more at risk than others. Trellix‘s report shows that the utility sector comes in second place, with retail falling closely behind in third. Together, these three sectors make up almost 60% of all detected ransomware attacks.

Here is a breakdown of the five most vulnerable business sectors:

  1. Banking/Financial Sector: 22%
  2. Utilities Sector20%
  3. Retail Sector: 16% 
  4. Education: 9%
  5. Government: 8%

How Can I Protect My Business From Ransomware?

Keeping your business protected from cybercriminals is a proactive effort that requires constant vigilance. Regularly checking for updated security patches, applying multi-factor authentication to all areas of your business, and routinely changing passwords are all great places to start. However, if you are looking for around-the-clock protection for your company‘s sensitive data, choosing a managed IT provider is the best solution for you.

At Uprite Services, our team of cybersecurity experts can be your company‘s secret weapon. With local support and Managed Detection and Response (MDR), we can monitor all endpoints of your business for hacking activity 24/7. Plus, our team will perform a complete security assessment to provide you with a unique technology roadmap to ensure every area of your business stays safe.

Are you looking for a cybersecurity partner you can trust? Look no further. Call Uprite Services today at 866-570-3065 and find out how we can protect your Texas business. We are a managed IT and cybersecurity provider specializing in solutions to streamline your business.

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