Nearly Half of Companies Say They Pay up Ransomware Demands - but Here's Why that Could Be a Bad Idea

Nearly half of companies say they pay up ransomware demands - but here's why that could be a bad idea

Level of ransom demands has fallen, but organizations are still at risk.

Nearly Half of Companies Opt to Pay the Ransom, Sophos Report Finds

Median Ransom Payment is $1 Million; Yet 53% of Companies Negotiated a Lower Amount than the Initial Demand...

Close to half of firms impacted by ransomware chose to pay, survey finds

Nearly half of surveyed organisations impacted by ransomware over the previous 12 months paid a ransom to recover access to their data.

Ransomware victims are getting better at haggling with hackers

While nearly half of companies paid a ransom to get their data back last year, victims are taking an increasingly hard line with hackers to strike fair deals.

Ransomware is alive and well – and companies are paying up

Companies are still paying up to get their data back after a ransomware incident – at almost 50%, this is the second-highest rate in the six years that Sophos has been running its annual State of Ransomware report. The good news is that they are often paying less that the ransomware gangs demand initially. Despite the high percentage of companies that paid the ransom, over half – 53% – paid less than the original demand. In 71% of cases where th…