{"id":19210,"date":"2024-02-02T11:36:43","date_gmt":"2024-02-02T10:36:43","guid":{"rendered":"https:\/\/www.m-q.ch\/?p=19210"},"modified":"2024-02-02T11:36:43","modified_gmt":"2024-02-02T10:36:43","slug":"90-percent-of-companies-pay-ransom-for-cyber-attacks","status":"publish","type":"post","link":"https:\/\/www.m-q.ch\/en\/90-percent-of-companies-pay-ransom-for-cyber-attacks\/","title":{"rendered":"90 percent of companies pay ransoms in the event of cyberattacks"},"content":{"rendered":"
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According to the study by Censuswide, 93 percent of the international companies surveyed intend to continue paying ransoms in the event of a security attack. (Image: www.pexels.com)<\/figcaption><\/figure>\n

According to the study, 93% of the international companies surveyed want to continue to pay ransoms in the event of a security attack and violate their \"do-not-pay\" policies in an emergency. Only 1 percent of companies categorically rule out paying a ransom. 35 percent of companies are prepared to pay more than 5 million US dollars to restore data and business processes. Two out of three respondents are willing to transfer more than 3 million in ransom money in an emergency.<\/p>\n

Increasing security risks and massive problems with data recovery<\/strong><\/h3>\n

Companies are affected by the force of cyber attacks for two reasons. Firstly, the methods of attack are becoming increasingly perfidious and, in addition, most companies' data is inadequately managed and secured. 78 percent say that the threat to their sensitive company data is growing even faster than the data pool as a whole - and this despite a rapid increase in the amount of data that can be collected, stored and analyzed in the business sector. On the other hand, the number of cyberattacks is constantly increasing. Almost all managers surveyed (96%) expect the threat of cyberattacks to increase significantly in 2024 compared to 2023.<\/p>\n

Almost 4 out of 5 companies were victims of ransomware attacks between June and December 2023. Just as many (79 percent) doubt the effectiveness of internal cyber defense concepts. They say that their company's cyber resilience and data security strategies are not keeping pace with the current threat situation.\u00a0<\/p>\n

Data recovery far too slow: lack of cyber resilience causes ransom payments<\/strong>\u00a0<\/h3>\n

Cyber resilience and business continuity challenges are widespread and diverse, as the Cohesity study shows:<\/p>\n