Thursday, April 13, 2023

83% of organizations paid up on average of over $925,000 in ransomware attacks

This has been reported for years that victims of such attacks are only too willing to pay the ransom!

It probably also means that too many organisations still do too little to protect themselves from those attacks. 

It also means that there are too few police investigations and consequently far too few arrests! Perfect for criminals! And how many of these criminals are possibly state actors?

"Today, cloud network detection and response provider ExtraHop released the 2023 Global Cyber Confidence Index, which found that not only did the average number of ransomware attacks increase from four to five from 2021 to 2022, but also that 83% of victim organizations paid a ransom at least once.  ...
many organizations decide to eat the upfront cost of paying a ransom, costing an average of $925,162, rather than enduring the further operational disruption and data loss. ..."

83% of organizations paid up in ransomware attacks  | VentureBeat

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