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Most businesses would pay up following a ransomware attack

June 18, 2021

Via: TechRadar

Many businesses would happily pay a ransomware demand in order to retrieve stolen files or data, in spite of law enforcement and cybersecurity experts alike warning against it, new research has found.

A report from Neustar claims that 60% of firms would rather shell out the funds and get on with their lives, instead of fiddling with backup solutions. A fifth would pay as much as 20% of their annual revenue to get their data, and their systems, back.

The threat of ransomware has risen to the point where it is now the top concern across more than a dozen threat vectors – with Neustar finding that over the course of the last two years, IT workers have never been as worried about ransomware as they are today.

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