Security News > 2022 > February > Energy, oil and utility sector most likely to pay ransoms

CyberSaint announced the release of a report which identifies which sectors pay the most in ransom, have the propensity to pay and delves into the future of ransomware.

Since these sectors provide vital services, organizations are more likely to pay the ransom to protect the stolen data and restore provided services.

34% of respondents in the financial services sector and local government reported a ransomware attack.

Specific industries tend to pay out the ransom more than others, like the energy, oil, and utility sector - 43% of respondents tend to pay the ransom.

While energy and utilities led with their inclination to pay, other industries did not lag too far behind.

Over a third of respondents in IT, retail, and business and professional services tended to pay out a ransom.

News URL

https://www.helpnetsecurity.com/2022/02/15/sectors-ransomware-attacks/