Paying a ransom ‘doubles stolen data recovery costs’
76% of ransomware attacks against organisations resulted in adversaries succeeding in encrypting data – and when a ransom is paid to get data decrypted, victims end up doubling their recovery costs ($750,000 in recovery costs versus $375,000 for organisations that used backups to get data back). That’s according to the latest annual State of Ransomware […]
Half of UK IT directors would pay cyber-ransom to avoid GDPR fines
A new study has revealed that almost half (47%) of UK IT directors would ‘definitely’ be willing to pay a ransom fee to hackers who stole their company data, rather than report a breach to the authorities and pay a larger penalty under the EU General Data Protection Regulation (GDPR). The research, commissioned by Sophos, […]
