The ransomware gangs know this and it is the biggest reason they strike again quickly,’ said Lior Div, Cybereason CEO and Co-founder. After being hit the first time by a ransomware attack, organizations need time to assess their security posture, determine what are the right tools to deploy, and then find the budget to pay for it.
Deploying effective anti-ransomware solutions is easier said than done, and the hackers know it. “Ransomware attacks are traumatic events, and when ransomware gangs attack a second, third or fourth time in a matter of weeks, it can bring an organization to its collective knees. These findings underscore why it does not pay to pay ransomware attackers, and that organizations should focus on detection and prevention strategies to end ransomware attacks at the earliest stages before critical systems and data are put in jeopardy. The report, titled Ransomware: The True Cost to Business Study 2022, further revealed that of the organizations who opted to pay a ransom demand in order to regain access to their encrypted systems, 54 percent reported that some or all of the data was corrupted during the recovery process, compared to 46 percent in 2021, an increase of 17 percent year-over-year. The study once again finds that ‘it doesn’t pay-to-pay’ a ransom demand, as 80 percent of organizations that paid were hit by ransomware a second time, with 68 percent saying the second attack came in less than a month and 67% reporting that threat actors demanded a higher ransom amount. This global study reveals that 73 percent of organizations suffered at least one ransomware attack in 2022, compared with just 55 percent in the 2021 study.
CYBER REASON FOR MAC PROFESSIONAL
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