Ransomware has been ravaging countless corporations in various parts of the world, but a recent survey by Ownbackup revealed the massive extent to which such attacks are being conducted. According to this survey, around 79% of organizations have suffered from some kind of a ransomware based attack during the previous year, and 75% of these ransomware victims said that the attacks managed to disrupt their business in significant ways with all things having been considered and taken into account.
With all of that having been said and now out of the way, it is important to note that paying the ransom usually does not lead to the desired outcome either. Many businesses look to just pay the ransom because of the fact that this is the sort of thing that could potentially end up allowing them to get their data back, with 56% of the respondents to this survey saying the same. In spite of the fact that this is the case, most of them ended up suffering further attacks because the malicious actors realized they had found a cash cow.
Around 87% of businesses that caved to ransomware demands said that they suffered from subsequent attempts at extorting ransoms out of them. This reveals just how impossible of a situation it can be if one’s business is being held hostage because even paying the ransom does not guarantee that you will get your data back which is why finding another solution is extremely important.
One thing that can be done is to prevent such attacks from occurring by tackling their origin and root causes. Approximately 31% of organizations that responded to the questions contained in this survey by the Enterprise Strategy Group said that their ransomware attacks occurred due to poorly configured user permissions and application settings. Patching these holes can help mitigate the onset of ransomware attacks which might be a huge priority for businesses since 87% of them are worried about how a ransomware attack might impact them in the future since once the attack occurs there are very few options left available for them.
Read next: Apple Might Not Be the Safest Tech Company Anymore, Sees Vulnerabilities Increase by 467%
With all of that having been said and now out of the way, it is important to note that paying the ransom usually does not lead to the desired outcome either. Many businesses look to just pay the ransom because of the fact that this is the sort of thing that could potentially end up allowing them to get their data back, with 56% of the respondents to this survey saying the same. In spite of the fact that this is the case, most of them ended up suffering further attacks because the malicious actors realized they had found a cash cow.
Around 87% of businesses that caved to ransomware demands said that they suffered from subsequent attempts at extorting ransoms out of them. This reveals just how impossible of a situation it can be if one’s business is being held hostage because even paying the ransom does not guarantee that you will get your data back which is why finding another solution is extremely important.
One thing that can be done is to prevent such attacks from occurring by tackling their origin and root causes. Approximately 31% of organizations that responded to the questions contained in this survey by the Enterprise Strategy Group said that their ransomware attacks occurred due to poorly configured user permissions and application settings. Patching these holes can help mitigate the onset of ransomware attacks which might be a huge priority for businesses since 87% of them are worried about how a ransomware attack might impact them in the future since once the attack occurs there are very few options left available for them.
Read next: Apple Might Not Be the Safest Tech Company Anymore, Sees Vulnerabilities Increase by 467%
