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Old 18th November 2020, 08:49   #1
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Default Companies are paying ransoms

New report shows

Cyber criminals are being paid by big corporations to free themselves from ransomware, according to the 2020 Veritas Technologies Ransomware Resiliency Report.

The report said that if businesses fall foul to ransomware and are not able to restore their data from a backup copy of their files, they may look to pay the hackers responsible for the attack to return their information.

The Veritas research showed that companies with greater complexity in their multi-cloud infrastructure were more likely to make these payments. The mean number of clouds deployed by those organisations who paid a ransom in full was 14.06.

This dropped to 12.61 for those who paid only part of the ransom and went as low as 7.22 for businesses who did not pay. In fact, only a fifth of businesses with fewer than five clouds paid a ransom in full, less than half the number (44 percent) for those with more than 20. This compares with 57 percent of the under-fives paying nothing to their hackers and just 17 percent of the over-20s.
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