The survey shows that 80% of extortion software victims will consider paying ransom to recover data

The following is the The survey shows that 80% of extortion software victims will consider paying ransom to recover data recommended by recordtrend.com. And this article belongs to the classification: network security.

A new survey of more than 250 extortion software victims shows that more than half of people have been attacked by extortion software in the past year, and 69% say they are likely to be successfully attacked at least once in the next year. Those who were successfully hit by blackmail software were more likely to pay, and 65% did. However, only 55% fully recovered data. When asked about their willingness to pay, 13% said they would, but only 20% said they would not.

The study was conducted by cisos connect, aimpoint group and W2 communications.

Although the behavior of paying ransom and calming people is still controversial and the subject of many debates, aside from moral and legal disputes, we also need to pay attention to the financial impact of resuming business operations. This is understandable because the total cost of an attack, including mitigation, business recovery and possibly, can amount to millions of dollars. According to respondents, blackmail victims have a 20% chance to pay more than $5 million, and a 5% chance to affect more than $50 million.

In the survey, only 55 organizations have taken measures to buy ransomware insurance, and most of them are in larger organizations, which means that small businesses are more vulnerable to ransomware.

“Our data show that although the rampant blackmail software is promoting some initiatives and plans for prevention and response, many efforts may still be isolated,” said Aimee Rhodes, CEO and founder of cisos connect This has exposed some areas, which may cause problems as these attacks continue to accelerate. According to CISO’s feedback, many people will benefit from a more comprehensive approach to prepare them not only for the prevention and detection of extortion software, but also for possible financial impact. “

You can see more findings in the information diagram below.

More reading from cnBeta: chainalysis: ransom for ransomware attacks exceeded $400 million in 2020, three times that in 2019. Cybersecurity ventures: the global loss caused by ransomware is estimated to exceed $265 billion in 2031. Censuswide: 80% of enterprises paying ransom will be subjected to secondary ransomware attacks, of which 46% will come from the same hacker. Coordination: ransomware accounted for all online insurance in the first half of 2020 41% of claims US Treasury: ransom payment for blackmail in 2021 was nearly US $600 million, more than that of last year. Carbon black: global sales of blackmail software increased by 2502% from 2016 to 2017. Trend Micro: the number of blackmail software network attacks increased eight times in 2016. Lumu: the impact of blackmail software and enterprise response costs in 2020 – information figure coveware: the cost of Q4 blackmail software decreased to 154108 in 2020 The US dollar fell 34% year-on-year. Comparitech: American schools lost $6.6 billion due to extortion software attacks in 2020. Mimecast: as many as 61% of companies were impacted by extortion software in 2020. Precision security: wannacry still ranked first in the list of extortion software infections in 2019. Cybereason: 80% of enterprises that paid ransom were attacked by extortion software again. Interpol: Extortion software is still the Internet Check point: SLR camera has become the target of blackmail software attack

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