94 percent of companies would pay a ransom despite having 'do not pay' policies

Cyberattacks are forcing the majority of companies to pay ransoms and break their 'do not pay' policies, with data recovery deficiencies compounding the problem. New research from Cohesity, based on responses from over 900 IT and security decision-makers, shows that companies firmly operate in a 'when,' not 'if,' reality of cyberattacks. Most companies have paid a ransom in the last two years, and the vast majority expect the threat of cyberattacks to increase significantly in 2024 compared to 2023. 79 percent of respondents say their company has been the victim of a ransomware attack between June and December. The threat… [Continue Reading]