Osirium Technologies PLC Release of findings from Osirium Ransomware Index
08 September 2021 - 04:00PM
RNS Non-Regulatory
TIDMOSI
Osirium Technologies PLC
08 September 2021
8 September 2021
REACH
Osirium Technologies plc
("Osirium", "the Group" or "the Company")
Osirium research finds UK businesses vulnerable to ransomware
attacks
Osirium Technologies plc (AIM: OSI), a leading vendor of
cloud-based cybersecurity software, has today released findings
from a research report it has undertaken, suggesting many UK
businesses are not sufficiently protecting their critical IT
recovery systems should a cyber-attack occur.
The Osirium Ransomware Index surveyed 1,001 IT managers in the
UK and found that 80% of businesses rely on backups (whereby a copy
of computer data is taken and stored elsewhere) as a plan of
recovery should a cyber-attack occur. Yet despite this reliance,
only a minority take extra precautions of using privileged access
management to protect their backups, leaving the bulk of UK
businesses vulnerable to attack, as our report highlights.
Key findings of the report:
- Overall, 79% (4 in 5 businesses) surveyed admitted that they
have experienced at least one ransomware attack, with 68% of these
stating the attack occurred in the past year.
- Despite 98% of respondents saying they were aware that backups
are a target of ransomware attacks, over half do not keep offline
backups and only 35% take extra precautions to protect access to
backups and backup management systems.
David Guyatt, CEO of Osirium, commented: "Cyber-attacks on UK
businesses remain a very real threat and unfortunately is an
everyday occurrence for organisations across all sectors with
potentially profound consequences. Our report highlights the degree
of vulnerability that persists, with 58% of UK businesses surveyed
only feeling 'somewhat prepared' for the eventuality of a
ransomware attack. M any businesses know they need to bolster their
backup protection, and this awareness continues to drive new
opportunities for our privileged access management solutions."
Further information on the Osirium Ransomware Index can be found
here:
https://www.osirium.com/documents/osirium-ransomware-index
Contacts
Osirium Technologies plc Tel: +44 (0)1183 242 444
David Guyatt, CEO
Rupert Hutton, CFO
Stifel Nicolaus Europe Limited Tel: +44 (0)20 7710 7600
Fred Walsh
Richard Short
Alma PR (financial PR adviser) Tel: +44 (0)20 3405 0205
Hilary Buchanan osirium@almapr.co.uk
Kieran Breheny
Faye Calow
About the Research.
The survey was carried out on behalf of Osirium by Atomik
Research, an independent creative market research agency that
employs MRS-certified researchers and abides to MRS code. Atomik
surveyed 1001 IT managers across the UK between 30 July and 5
August 2021.
About Osirium Technologies Plc
Osirium Technologies plc (AIM: OSI) is a leading UK-based
cybersecurity software vendor delivering Privileged Access
Management (PAM), Privileged Endpoint Management (PEM) and Osirium
Automation solutions that are uniquely simple to deploy and
maintain.
With privileged credentials involved in over 80% of security
breaches, customers rely on Osirium PAM's innovative technology to
secure their critical infrastructure by controlling 3(rd) party
access, protecting against insider threats, and demonstrating
rigorous compliance. Osirium Automation delivers time and cost
savings by automating complex, multi-system processes securely,
allowing them to be delegated to Help Desk engineers or end-users
and to free up specialist IT resources. The Osirium PEM solution
balances security and productivity by removing risky local
administrator rights from users, while at the same time allowing
escalated privileges for specific applications.
Founded in 2008 and with its headquarters in Reading, UK, the
Group was admitted to AIM in April 2016. For further information
please visit www.osirium.com .
This information is provided by Reach, the non-regulatory press
release distribution service of RNS, part of the London Stock
Exchange. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
Reach is a non-regulatory news service. By using this service an
issuer is confirming that the information contained within this
announcement is of a non-regulatory nature. Reach announcements are
identified with an orange label and the word "Reach" in the source
column of the News Explorer pages of London Stock Exchange's
website so that they are distinguished from the RNS UK regulatory
service. Other vendors subscribing for Reach press releases may use
a different method to distinguish Reach announcements from UK
regulatory news.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NRAEAXNXEAAFEFA
(END) Dow Jones Newswires
September 08, 2021 02:00 ET (06:00 GMT)
Osirium Technologies (LSE:OSI)
Historical Stock Chart
From Feb 2024 to Mar 2024
Osirium Technologies (LSE:OSI)
Historical Stock Chart
From Mar 2023 to Mar 2024