Report: 88% of business leaders would pay the ransom if hit by a cyberattack

In accordance with a brand new report by Kaspersky, in 88% of organizations around the globe that had been beforehand attacked by ransomware, enterprise leaders would select to pay a ransom if confronted with one other assault. At corporations that had paid ransoms up to now, 97% had been keen to do it once more. Throughout organizations which have but to be victimized, solely 67% can be keen to pay.

Firms hit up to now had been extra inclined to pay as quickly as attainable to get rapid entry to their knowledge (33%, in comparison with 15% of corporations which have by no means been victimized), or to pay after solely a few days of unsuccessful decrypting makes an attempt (30% vs. 19%).

Nearly two-thirds (64%) of corporations stated they’ve skilled ransomware assaults, and 66% stated they anticipate that one will occur sooner or later, viewing it as extra probably than different frequent assault varieties, akin to DDoS, supply-chain, APT, cryptomining or cyber-espionage.

Consultants urge victims by no means to pay ransoms, because it doesn’t assure you get your knowledge again and encourages criminals to proceed their enterprise. As an alternative, they suggest reporting incidents to native regulation enforcement in addition to taking preventative measures, together with establishing offline backups, holding software program on all company gadgets updated, enabling ransomware safety on all endpoints, and focusing protection technique on detecting lateral actions and knowledge exfiltration to the web.

Kaspersky carried out the survey of 900 respondents throughout North America, South America, Africa, Russia, Europe and Asia-Pacific in April 2022 throughout senior non-IT administration (akin to CEOs, VP and Director degree) and enterprise homeowners or companions at medium-sized corporations and enterprises (50-1000 workers).

Learn the full report by Kaspersky.