80% of organizations that pay ransoms after being attacked with ransomware are attacked again
A report compiled by cybersecurity company Cybereason has been published on the damage caused by ransomware attacks that are spreading worldwide.
[eBook] Ransomware: The True Cost to Business
Cybereason: 80% of orgs that paid the ransom were hit again | VentureBeat
https://venturebeat.com/2021/06/16/cybereason-80-of-orgs-that-paid-the-ransom-were-hit-again/
According to Cybereason, ransomware attacks occur at an average rate of once every 11 seconds, with damages estimated at $20 billion in 2020 alone. According to the FBI, the damages in the United States alone have increased by 225% compared to the previous year.
Of the 1,263 organizations that responded to this survey, 66% said they had suffered revenue loss as a direct result of a ransomware attack, with little impact based on company size.
Below is a count of organizations by industry that reported revenue losses, suggesting that no matter what industry you are in, a ransomware attack will result in some kind of loss.
Here is a breakdown by region: Spain had the highest percentage of responding organizations reporting losses, at 80%.
In addition, the majority of organizations that have been attacked by ransomware in the past and have chosen to pay the ransom have not been immune to subsequent attacks. In fact, 80% of organizations that paid the ransom were 'attacked again,' and half of those were attacked by the same group that had attacked them the first time.
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in Security, Posted by logc_nt