"Some Hackers Take the Ransom and Run"

A survey conducted by security researchers at Proofpoint to which 600 security professionals in seven countries responded, revealed that 33% of organizations that were hit with ransomware attacks gave in to the demands for a ransom payment. However, 22% of those organizations that paid the ransom were still not able to recover the files encrypted by ransomware. The decision to pay the ransom is often based on the criticality of the service provided by the targeted organization. Ransomware attacks can result in the disruption of operations associated with critical infrastructure and life-saving services. This article continues to discuss the findings of the Proofpoint survey regarding the impact of ransomware attacks and the response to these attacks.

The Business Times report "Some Hackers Take the Ransom and Run"