"Ransomware Reminder: Paying Ransoms Doesn't Pay"

Researchers have conducted a new survey of 5,000 IT professionals across 25 countries. 51 percent of the participants said that their organizations experienced a "significant" ransomware attack in the last 12 months, of which 73 percent resulted in adversaries successfully encrypting data.  26 percent of the participants said that their organizations paid a ransom and regained access to their data, and 1 percent paid a ransom but did not regain data access.  Most of the participants, 73 percent of them said that their organizations did not pay the ransom.  The average recovery cost for organizations affected by ransomware who do not pay the ransom is $730,000.  Organizations that pay the ransom on average pay a recovery cost of $1.4 million.

Bank Info Security reports: "Ransomware Reminder: Paying Ransoms Doesn't Pay"