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$SPenny_Cruncher, published August 13, 2021
New research has found ransomware attacks have affected more than a third of businesses worldwide over the last 12 months.
A report from IDC found that companies that fall victim once, are highly likely to fall victim again, with businesses in the manufacturing and finance industries having the highest ransomware incident rates. At the other end of the spectrum are those in the transportation, communications, and utilities/media industries.
Despite law enforcement agencies and cybersecurity experts warning against paying the ransom, as it only fuels the greed and makes ransomware operators more dangerous, many organizations still decide to pay up. In fact, IDC says only 13% of firms reported being attacked and not paying up.