"Two-Fifths of Ransomware Victims Still Paying Up"

Security researchers at Anomali Research have discovered that two-fifths (39%) of ransomware victims paid their extorters over the past three years, with the majority of the victims spending at least $100,000.  The security researchers interviewed 800 security decision-makers in the US, Canada, the UK, Australia, Singapore, Hong Kong, India, New Zealand, the UAE, Mexico, and Brazil.  Most respondents (87%) said their organization had been the victim of a successful attack resulting in damage, disruption, or a breach since 2019.  However, 83% said they’d experienced more attacks since the start of the pandemic.  Over half of the participants (52%) were ransomware victims, and 39% paid the ransom.  Of the participants that paid the ransom, 58% gave their attackers between $100,000 and $1m, while 7% handed over more than $1m.  

Infosecurity reports: "Two-Fifths of Ransomware Victims Still Paying Up"