Security News > 2023 > September > Ransomware attacks go beyond just data

Among the 600 respondents, only 16% of those whose organization had experienced a successful ransomware attack were able to fully recover all their data after the attack, while a staggering 84% lost data they were not able to recoup.

"Threat actors continue their attacks because, for them, it is a business model that works. In most cases, a ransomware attack results in permanently lost data, even when companies meet the ransom demand." said Keepit CTO Jakob Østergaard.

"Of the companies in the ESG study that reported that they had experienced a successful ransomware attack and paid the ransom, 85% experienced additional extortion attempts, and 57% paid the additional fees beyond the initial ransomware demand," Ostergaard continued.

"Organizations continue to struggle with ransomware preparedness and need to establish updated strategies and processes in particular in the critical dimension of data and systems recoverability," said Christophe Bertrand, practice director at ESG. "The results of this study are critical to understanding the key components of data recovery after a ransomware attack, and it is our hope that the report can serve as a resource for organizations as they work towards preparedness," Bertrand continued.

Cloud data is increasingly becoming a target for cybercriminals who really want to render businesses inoperable, and organizations are having to continually increase their expenditures on ransomware preparedness.

Implementing measures such as the protection of cloud data and backup copies through immutable, blockchain-verified technology and encryption, as well as storing data in a completely separate, vendor-independent infrastructure, can prevent the types of data loss that have become increasingly common.

News URL

https://www.helpnetsecurity.com/2023/09/04/ransomware-preparedness-strategies/