Businesses are under increasing attack from ransomware – 40% have experienced a ransomware attack in the past year, with companies in the healthcare and financial services sectors getting hit the hardest, according to a new study from Malwarebytes and Osterman Research.
According to the FBI, hackers extorted business and institutions for more than $209 million in ransomware payments in the first three months of 2016. The business of ransomware is on pace to be a $1 billion a year crime. Over 50% of corporate decision makers now consider ransomware to be a “concern” or “extreme concern”, according to the study.
- Nearly 80% of organizations breached have had high-value data held for ransom.
- Of these victims, more than one-third lost revenue and 20% had to shut down completely.
- Nearly 40% paid the ransom.
- Organizations believe that training end-users and implementing ransomware-focused technologies are equally important.
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