Security News > 2020 > May > Paying Ransomware Crooks Doubles Clean-up Costs, Report

The report shows that sometimes even paying a ransom does not guarantee a company will recover data encrypted in an attack, according to researchers.

Though ransomware attacks in the public sector-which is believed to be one of the hardest hit by these attacks-are high profile, the report shows that actually that sector is less affected by ransomware attacks than the private sector.

The report also outlined technology and demographic trends that pointed to whether a company is more likely or not to be hit with a ransomware attack as well as how well they could mitigate attacks' effects.

Of the 73 percent of respondents who said their data had been encrypted in a ransomware attack, those who had at least some data in the public cloud were included in six out of 10 reported successful attacks, the report showed.

Organizations in some geographic regions also demonstrated more success in stopping ransomware attacks before they could encrypt data, according to the report.

News URL

https://threatpost.com/paying-ransomware-crooks-doubles-clean-up-costs-report/155767/