Insured companies more likely to be ransomware victims, sometimes more than once

May 15, 2023

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Companies with cyber insurance are more likely to get hit by ransomware, more likely to be attacked multiple times, and more likely to pay ransoms, according to a recent survey of IT decision makers.

Back in 2019, fewer than 20% of enterprises suffered repeat ransomware attacks, while during the pandemic, the percentage rose to around 30%. And it didn’t stop with the pandemic, with 38% of organizations surveyed in 2022 reporting two or more successful ransomware attacks, those that attackers were able to lock systems, encrypt data, or exfiltrate information to demand a ransom, according to Barracuda’s report conducted by Vanson Bourne.

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