Ransomware attacks are making headlines as more high-profile incidents disrupt the business operations of major corporations. At the same time, the cost of responding to ransomware attacks has skyrocketed.
The financial cost of the ransom is only part of the impact. There are also downtime costs, reputational damage, and the possibility for more extortion in the future. And, unfortunately, paying the ransom does not guarantee recovery. According to The State of Ransomware 2021 report from Sophos, more than twice as many organizations restored their data by recovering via backups (56%) than paying the ransom (26%).
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