Ransomware attacks often fail to fully restore data even when victims pay a ransom, with 41% still needing to rebuild systems. IoT vulnerabilities, supply chain issues, and cloud servers are prevalent attack vectors, while larger and nonprofit organizations face more frequent cyberattacks. #HiscoxCyberReadiness #RansomwareRecovery #IoTVulnerabilities
Keypoints
- Paying ransoms is only partially effective, with 41% of victims still needing to rebuild systems.
- IoT devices are the most common entry point for cyberattacks, accounting for 33% of initial breaches.
- Larger organizations and nonprofits tend to experience more frequent and multiple cyberattacks annually.
- Only 83% of companies reported improved cyber resilience despite ongoing threats.
- Most organizations agree that ransom payments should be disclosed by law, but some oppose mandatory reporting for private companies.
Read More: https://thecyberexpress.com/ransomware-victims-who-pay-cant-recover-data/