VentureBeat April 12, 2023
Today, cloud network detection and response provider ExtraHop released the 2023 Global Cyber Confidence Index, which found that not only did the average number of ransomware attacks increase from four to five from 2021 to 2022, but also that 83% of victim organizations paid a ransom at least once.
The report found that while entities like the FBI and CISA argue against paying ransoms, many organizations decide to eat the upfront cost of paying a ransom, costing an average of $925,162, rather than enduring the further operational disruption and data loss.
Organizations “are paying ransoms because they believe it’s the quickest and easiest route to get their business back up and running,” said Jamie Moles, senior technical manager...
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