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Paying to get data restored

According to new research by ThycoticCentrify, ransomware has become a preferred method for cyber-attacks, with nearly two out of three companies (64%) surveyed admitting to be victims in the last 12 months. 

The report, entitled: 2021 State of Ransomware Survey & Report: Preventing and Mitigating the Skyrocketing Costs and Impacts of Ransomware Attacks, based on responses from 300 US-based IT business decision-makers revealed that more than four out of five (83%) ransomware attack victims felt they had no choice but to pay ransom demands to restore their data.