"Why Paying The Ransom Is Still The Most Common Response To A Ransomware Attack?"
According to researchers at Databarracks, this year, 44% of the organizations who experienced a ransomware assault paid the demanded ransom. Almost a quarter (22%) used ransomware decryption software, while 34% restored data from backups. The researchers stated that while organizations might believe that paying the ransom is the best choice, this strategy is faulty for several reasons. Firstly, once one pays the ransom, there is no assurance that the organization's data will be returned. Second, once criminals know an organization is an easy target, they frequently attack it again. Finally, it conveys the incorrect message. By paying, the organization assists the crooks by demonstrating that their strategies are effective. During the study, the researchers also found that an increasing proportion of organizations have a policy stating whether they would pay a ransom in the event of a ransomware attack. A policy was in place in 68% of organizations, up from 54% the year before. The researchers stated that people are becoming more aware of and prepared for ransomware assaults.