Security News > 2021 > June > Most organizations would pay in the event of a ransomware attack

Despite the Director of the FBI, the US Attorney General and the White House warning firms against paying cyber-related ransoms, 60 percent of organizations have admitted they would shell out funds in the event of an attack, according to a research from Harris Interactive.

The study comes just days after US meat processing giant, JBS confirmed it had paid $11 million to the REvil ransomware gang, which locked its systems at the end of May. Earlier this month, Japanese multinational conglomerate, Fujifilm said it had refused to pay a ransom demand to the cyber gang that attacked its network in Japan, instead relying on backups to restore operations.

Placing more emphasis on protecting against ransomware threats.

As a result of these recent high-profile attacks, 80 percent of cybersecurity professionals reported placing more emphasis on protecting against ransomware threats.

In the U.S., ransomware has driven major disruptions to regional energy and food supply chains, while more localized attacks targeting healthcare, education and government services have wreaked havoc on communities and put lives in danger.

"With less than three in ten cybersecurity professionals feeling very confident that all members of their organization know the appropriate measures to take in the event of a ransomware attack, it's no surprise that the level of concern is rising," Joffe continued.

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