Newly published research of 1,200 organizations impacted by ransomware reveals the sobering truth that awaits many of those who decide to pay the ransom.
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You only have to ask the question of who benefits most from a ransom being paid to understand this. The answer is the cybercriminals, those ransomware actors who are behind the attacks in the first place. Sure, an organization may well argue that it benefits most as it gets the business back up and running in the shortest possible time.
But, they may well argue again, that’s what the cyber-insurance is for, paying out the big bucks if the sticky stuff hits the fan. Sure, but the answer to my original question remains the same: it’s the ransomware actors that are still winning here. They get the payout, which empowers them to continue and hunt even more organizations.Then there’s the not so small matter of how most ransomware actors no longer just encrypt your data, and often your data backups, if they do so at all.
Which brings me back to my point of ensuring your data is properly secured is paramount. Why bother paying a ransom if you don’t fix the holes that let the cybercriminals in to start with?
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The Sobering Truth About Ransomware—For The 80 Percent Who Paid UpNewly published research of 1,200 organizations impacted by ransomware reveals the sobering truth that awaits many of those who decide to pay the ransom.
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