Software

Last year, more than half of the victims of ransomware hackers paid them a ransom

The increased activity of hackers extorting ransoms from organizations in exchange for the right to gain access to their own data or to unblock the work of infrastructure demonstrates statistics that are not very comforting for victims. Last year, buybacks were paid 52% of the time, with the highest proportion of willing-to-pay companies found in the United States.

Image source: Reuters

Image source: Reuters

Statistics from your research published American company Proofpoint, specializing in information security. Of the 3,600 companies she surveyed in seven regional markets, roughly two-thirds experienced ransomware attacks in 2020. About 52% of the victims eventually agreed to payments to the hackers. In the US, the share of submissive victims reached 87%, in the UK it did not exceed 59%, in Germany – 54%, and Japanese companies paid cybercriminals only in a third of cases.

The Japanese companies that were attacked have not yet disclosed the amounts paid to the hackers, although large contributions of this kind are required to be declared to shareholders. Experts agree that either the ransom amounts were limited to moderate values, or the bulk of payments fell on small companies that are not subject to this requirement.

The global average ransom amount has tripled over the year to $ 312,000, based on statistics from Palo Alto Networks. The victims of attacks, as experts warn, first need to assess all the risks associated with paying the ransom to the ransomware and trying to solve the problem on their own. In this case, illiterate actions of the company’s management may call into question its competence. Compliance with extortionists cannot be encouraged by shareholders and business investors.

About the author

Robbie Elmers

Robbie Elmers is a staff writer for Tech News Space, covering software, applications and services.

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