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Paying the Ransom Can Double Ransomware Attack Recovery Costs
Health IT Security: The FBI, Microsoft, and others have repeatedly warned victims to not pay the ransom demands after a cyberattack for a host a reasons. And new research from Sophos confirms that ransomware payments can actually double the amount of recovery costs and don’t ensure an easier path to recovery.
To compile its State of Ransomware 2020 report, Sophos researchers surveyed 5,000 global IT decision makers across a range of sectors. They found that 51 percent of these organizations faced a ransomware attack within the last year, compared to 54 percent in 2017.
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