63% of organizations paid the ransom last year

A record 71% of organizations were impacted by successful ransomware attacks last year, according to a CyberEdge Group report, up from 55% in 2017. Of those that were victimized, 63% paid the requested ransom, up from 39% in 2017. As to why more organizations today, like Colonial Pipeline, CNA Financial, and JBS Holdings, are paying ransoms, there are three explanations: Threat of exposing exfiltrated data. Most modern ransomware attacks not only encrypt compromised data, but … More →

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