Kathy Gibson reports – The prevalence of ransomware is starting to dip: the number of organisations around the world hit by ransomware dropped from 59% in 2023 to 66% in 2022.
Despite the, ransomware actors are getting more aggressive, going after backups as well as operations systems, says John Shier, field chief technology officer at Sophos. “And when the backups were compromised, ransom demands were not only higher, but companies were more likely to pay up.” The study found that the median ransomware demand was $2-million. Recovering from a ransomware attack cost companies about $3-million – which is $1-million more than the year before.
In 98% of South African attacks, the ransomware actors tried to compromise the backups as well, and in 44% of those cases, they were successful.”
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