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Cyber Report Shows Majority of Paying Ransomware Victims Still Don’t Get Data Back

Have you been hit by ransomware recently? According to a recent survey by CyberEdge, the most reliable approach (by far) to defending against ransomware is proactive rather than reactive. That is to say, having a robust backup and disaster recovery system in place is far more likely to result in minimal disruption and data loss than trying to pay the criminals in the hopes that they do the ‘honourable’ thing and decrypt your critical data. For the report, CyberEdge surveyed IT security professionals and found that more than half (55%) had been hit by ransomware in 2017. The study found that of those who had prepared for ransomware using backups and other business continuity procedures, 86.9% were able to successfully recover their data. However, of those who didn’t have backups to rely on and instead paid the ransom, only 49% actually had their data decrypted and recovered.

Thinking of paying ransomware demands? Think again, as less than half of ransomware payments result in successfully decrytped and restored data.

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