The survey found that ransomware still remains the most common cyber threat to Small and Medium sized Business (SMB), with 60% of Managed Service Providers (third party IT guys) reporting that their SMB clients have been hit as of Q3 2020. The impact of such attacks keeps growing: the average cost of downtime is now 94% greater than in 2019, and nearly six times higher than it was in 2018 increasing from $46,800 to $274,200 over the past two years, according to Datto’s research. Phishing, poor user practices, and lack of end user security training continue to be the main causes of successful ransomware attacks.

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