Keeping up with ransomware news is becoming increasing more difficult as a result of a 25% increase in attacks during the first quarter of 2020. And these cyber events show no indication of slowing down. Studies show ransom payments are up 33% from the fourth quarter of 2019, and the average demand is $111,605.
As each of our organizations remain at risk as hackers seize critical data, the decision on whether or not to pay weighs heavily on the victims’ minds. Other concerns for those targeted are the hit to their reputation, the cost of downtime, and the possibility that company data will be publicly exposed.
Read more about the increase in ransomware and what the FBI says about meeting the demands of cyber criminals via the SoS Daily News.