Businesses that pay ransoms are more likely to suffer second attacks

A new study shows that 80 percent of businesses that chose to pay a ransom demand have suffered a second ransomware attack, often at the hands of the same threat actor group. The research from Cybereason also reveals that of those that opted to pay a ransom demand in order to regain access to their encrypted systems, 46 percent report that some or all of the data was corrupted during the recovery process. The study of almost 1,300 security professionals shows 35 percent of businesses that paid a ransom demand shelled out between $350,000-$1.4 million, while seven percent paid ransoms… [Continue Reading]