"Majority of Organizations Pay Up After Ransomware Attack"

According to a new Barracuda Networks report, cyber incidents cost organizations millions. Attacks are also becoming much more sophisticated, raising concerns about the impact of Artificial Intelligence (AI). Over 50 percent of the 1,917 Information Technology (IT) security professionals surveyed said they had faced one or more cyberattacks within the past year. The most frequently mentioned issues were an insufficient security budget (55 percent), inconsistent security policies and software (42 percent), and a lack of insight into third-party access to secure information (38 percent). In the last year, 71 percent of all respondents had been victims of a ransomware attack, 61 percent of which paid the demanded ransom. This article continues to discuss key findings regarding organizations' most common cybersecurity issues, ransomware payments, and AI's impact on cybersecurity.

Techzine reports "Majority of Organizations Pay Up After Ransomware Attack"

Submitted by grigby1