ransomware attack Source: Shutterstock

Floppy disks. That’s where ransomware got its start, when the first attack was documented in 1989. It’s been over 30 years since then and a lot has changed. Believe me – I’ve been in the field of security for many years, and I’ve seen the evolution of ransomware from the elementary stages of floppy disk attacks to the sophisticated and complex global attacks of modern day.

Sophos, an IT security company, conducted a study of 550 IT decisionmakers across a variety of business sectors in 2021, including financial services, to see how they’ve dealt with ransomware. Out of all the  statistics in their findings, here are some worth noting:

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