Report reveals perils of paying off ransomware attackers

09/11/2022 | BCS

New research from Insurance company Hiscox has revealed 36% of companies that paid cyber criminals following a ransomware attack are targeted for a second time. The latest Cyber Readiness Report, which sought the views of over 5,000 organisations of all sizes in eight countries, revealed the sectors most likely to pay a ransom were those operating just-in-time supply models such as the food and drink (62%), manufacturing (51%) and leisure (50%). The report warned paying ransom fees may not work as 43% of organisations have to rebuild systems, 41% failed to recover their data fully, and 29% still had their data leaked.

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Spyware, hacked, cyber attack, ransomware

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