Home Compliance Report: 80% of IT Professionals Expect to Increase Spending to Support Ransomware Payments

Report: 80% of IT Professionals Expect to Increase Spending to Support Ransomware Payments

by delta
0 comment

Ransomware continues to plague corporations, as according to a new survey, 65% of IT professionals say ransomware is one of their organization’s biggest survival threats — and for 13% of organizations, it’s the single biggest threat.

The survey by Enterprise Strategy Group and Keepit, which included responses from 600 IT professionals from across the globe, also found that only 16% of organizations that had experienced a successful ransomware attack were able to recover all their data after the attack.

The research also found that 85% were targeted for additional extortion attempts and 57% paid more fees beyond the initial ransomware demand. This is particularly troubling, as paying ransomware demands can also expose organizations to sanctions risk. Still, eight in 10 respondents said they would likely increase their budget for ransomware payments over the next 12-18 months.


You may also like

Leave a Comment


Delta-Compliance.com is a premier news website that provides in-depth coverage of the latest developments in finance, startups, compliance, business, science, and job markets.

Editors' Picks

Latest Posts

This Website is operated by the Company DELTA Data Protection & Compliance, Inc., located in Lewes, DE 19958, Delaware, USA.
All feedback, comments, notices of copyright infringement claims or requests for technical support, and other communications relating to this website should be directed to: info@delta-compliance.com. The imprint also applies to the social media profiles of DELTA Data Protection & Compliance.

Copyright ©️ 2023  Delta Compliance. All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Update Required Flash plugin