Security News > 2024 > August > 74% of ransomware victims were attacked multiple times in a year
Survey of nearly 1,000 IT and security professionals shows 83% of organizations were targeted by ransomware attacks in the past year with a high degree of success, sounding alarming trends in attack frequency, severity, and consequences.
Companies are suffering successful ransomware attacks multiple times within the same year - resulting in closures, layoffs, loss of revenue and customer trust, and cancelation of cyber insurance.
"At the center of this whole discussion is business viability. Attackers are trying to hold that at risk so that they can then convince you to buy them out. If they can achieve a successful attack on identity, then they own privilege, and they can then use that privilege to their benefit," Inglis continued.
74% of respondents that were attacked for ransom in the past 12 months were attacked multiple times, many within the span of a week.
49% of respondents needed 1 to 7 days to recover business operations to minimal IT functionality after a ransomware attack, and 12% needed 7 days or more.
Companies must expand their "Assume breach" mindset to prepare for multiple and even simultaneous attacks.