The increasing frequency and size of ransomware attacks are becoming a huge concern for thousands of organizations globally. All over the world, threat actors take advantage of security vulnerabilities and encrypt data belonging to all sorts of organizations: from private businesses to healthcare facilities and governments.
What motivates the ransomware actors to become even more creative in their attacks and ask for tens of millions of dollars payments is the fact that there are companies that agree to pay the ransom and not disclose the attack. It usually happens because they are afraid of the severe social repercussions.
According to a study conducted by Cloudwards, in 2021, 37% of all businesses and organizations were hit by ransomware and out of all, 32% paid the ransom but recovered only 65% of their data.
A few months ago, we also published an article about a study showing that in the first five months of 2021 more than 290 companies have become victims of six ransomware groups, but let’s see what the current situation is.