"What is The Real Cost of Ransomware?"

Cybereason released research findings from a global ransomware study of nearly 1,300 security professionals that reveals that more than half of organizations have been victims of a ransomware attack. The research also reveals that 80 percent of businesses that chose to pay a ransom demand suffered a second ransomware attack, often at the hands of the same threat actor group. More than half (66 percent) of organizations reported a significant loss of revenue following a ransomware attack, and 35 percent of businesses that paid a ransom demand shelled out between $350,000-$1.4 million, while 7 percent paid ransoms exceeding $1.4 million.  More than half (53 percent) of organizations indicated that their brand and reputation were damaged as a result of a successful attack. The research also reveals that 32 percent of organizations reported losing C-Level talent due to ransomware attacks, and 29 percent of participants reported being forced to layoff employees due to financial pressures following a ransomware attack. A startling 26 percent of organizations reported that a ransomware attack forced the business to close down operations entirely.

Help Net Security reports: "What is The Real Cost of Ransomware?"