Ransomware attacks lead to companies raising prices

Ransomware attacks are influencing price inflation, according to a new UK survey by Censuswide, commissioned by Veeam Software. The findings show that large organizations are having to increase costs to customers by an average of 17 percent following an attack. Nearly a quarter of companies (22 percent) say they increased prices by 21-30 percent, while six percent increased prices by 31-40 percent. In total, a massive 68 percent of companies increased prices for customers by 11 percent or more as a direct result of being attacked. Just one percent of respondents were able to keep prices flat. According to the… [Continue Reading]