Only 4% of organizations that pay up recover all their data, and many take months to recover
Organizations are naïve when it comes to ransomware, new research has warned, with many believing their chances of recovering data are higher than they actually are.
Virtually all UK IT and security decision-makers surveyed by Cohesity were aware that cyber attacks were on the rise, with more than half having fallen victim to a ransomware attack themselves in 2023.
This, the study noted, marked a significant increase compared to the year prior, highlighting the escalating threats faced by enterprises.
Three-quarters said they’d pay a ransom to recover their data after an attack, and six-in-ten said they’d done so in the previous year. Only 7% of UK respondents ruled it out, despite two-in-three having clear rules not to pay.
But while 71% of UK respondents are confident in their company’s cyber resilience strategy and its ability to address security threats, the willingness to pay ransoms highlights a mix of ignorance and overconfidence, according to James Blake, global head of cyber resiliency strategy at Cohesity.
“Once again, we see a gap between expectation and reality in recovering from a cyber attack.
