With more and more businesses learning how to avoid paying huge amounts of money to ransomware actors by maintaining up-to-date backups and having disaster recovery plans in place, the number of victims forced to pay ransom started to decrease.
Even so, according to a study conducted by Cloudwards, in 2021, 37% of all businesses and organizations participating in the study were hit by ransomware and out of all, 32% paid the ransom but recovered only 65% of their data.
double extortion ransomware.
What Is Double Extortion Ransomware and How Does it Work?
Double extortion, also known as pay-now-or-get-breachedencryption, the attackers threaten to publish the data unless a ransom is paid.
If the victims fail to pay the requested ransom, their data will most likely be destroyed, exposed