FEATURE : RANSOMWARE crucial to addressing what the dangers are when business leaders surrender to meeting ransomware demands .
The main reason is that many businesses are terrified of the reputational damage and concerns over data and monetary losses associated with being hacked . crucial data hostage , according to the Veeam 2023 Ransomware Trends report .
Unfortunately , giving into ransom demands just does not guarantee data retrieval , but also may even incentivize hackers to launch subsequent extortion tactics .
While most organizations would have their data backed up , there is often only one copy made . Hackers know this , with 93 % of attacks almost exclusively aimed at backups , effectively holding
The same report also highlighted that cyber insurance has been a popular option that some organizations turn to . However , with 77 % of ransom paid by insurance companies in the last year , the prices
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