80% of firms that paid a ransomware demand experience second attack | #malware | #ransomware

June 18, 2021

A survey by Cybereason found that 80% of business that chose to pay a ransom demand in a ransomware attack suffered a second ransomware attack, often by the same group.

The survey — which included nearly 1,300 security professionals — also found that among companies that opted to pay ransoms, 46% reported that some or all of their data was corrupted during the recovery process.

“Ransomware attacks are a major concern for organizations across the globe, often causing massive business disruptions including the loss of income and valuable human resources as a direct result,” said Lior Div, CEO and co-founder of Cybereason.

Other findings in the survey included:

  • 66% of organization reported significant loss of revenue following a ransomware attack.
  • 32% of organization reported losing C-level talent as a direct result of ransomware attacks.
  • 29% reported being forced to lay off employees because of financial pressure following an attack.
  • 26% reported the attack resulted in business closures for periods of time.
  • 35% paid a ransom demand of between $350,000 and $1.4 million, and 7% paid ransoms exceeding $1.4 million.

Cybereason is a cybersecurity technology company based in Boston.

Original Source link

Leave a Reply

Your email address will not be published.

eighty one − seventy nine =