“The decision to pay a ransom comes down to the confidence and financial cost of recreating or restoring data from a previous backup,” Travis Smith, senior security researcher for Tripwire, said in a statement. “Since most ransomware samples we have seen have a time limit to pay, it’s important to have confidence that you can restore the majority of data on short notice. Organizations should focus on improving backup and restoration procedures to reduce the cost of restoring data and services after a potential breach.”
Additional survey findings include that 52 percent of security professionals aren’t confident about their executives being able to avoid phishing scams, 58 percent have seen increases in spear phishing attempts in the last year and 73 percent said critical infrastructure providers are especially vulnerable to ransomware.
More articles on cybersecurity:
‘Healthcare is ground zero for cyberattacks’: 5 thoughts from CHIME’s Russell Branzell
80% of organizations worry about the consequences of a large data breach
HHS names members of Health Care Industry Cybersecurity Task Force
