Defining the News
, which found that the average ransom payment has increased 500% in the last year. Organizations that paid the ransom reported an average payment of $2 million, up from $400,000 in 2023. However, ransoms are just one part of the cost. Excluding ransoms, the survey found the average cost of recovery reached $2.73 million, an increase of almost $1 million since the $1.
“We must not let the slight dip in attack rates give us a sense of complacency. Ransomware attacks are still the most dominant threat today and are fueling the cybercrime economy. Without ransomware we would not see the same variety and volume of precursor threats and services that feed into these attacks. The skyrocketing costs of ransomware attacks belie the fact that this is an equal opportunity crime. The ransomware landscape offers something for every cybercriminal, regardless of skill.
Ninety-four percent of organizations hit by ransomware in the past year said that the cybercriminals attempted to compromise their backups during the attack, rising to 99% in both state and local government. In 57% of instances, backup compromise attempts were successful
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dole-Davao plants 500 mangrovesSunStar Publishing Inc.
Read more »
S&P 500, Nasdaq end lower after Fed rate decision, Powell press conferenceU.S. stocks closed mixed on Wednesday after the Federal Reserve left its key interest rate unchanged, as expected, and indicated that while its next move will likely be a rate cut, continued progress on inflation is not assured.
Read more »
500 arrested in 2-day SACLEO in Central VisayasCEBU CITY – More than 500 persons were arrested for various offenses in the two-day Simultaneous Anti-Criminality Law Enforcement Operation (SACLEO) police operation in Central Visayas.
Read more »
2025 Porsche Cayenne GTS revealed with 500 PS, sportier looksPorsche expands model lineup of all-new Cayenne with 2025 GTS
Read more »
500 MPUV drivers 'fear income loss' after CBRT package 1's completionSunStar Publishing Inc.
Read more »
PhilHealth hikes benefit package for heatstrokeThe state health insurer’s heatstroke benefit package has been raised to P8,450 from P6,500 – a 30 percent increase.
Read more »