Coveware report reveals that more ransomware victims are paying up, even when data recovery is possible

The proportion of ransomware attack victims actually paying ransoms increased in the last quarter, even in instances where ransomed data could be recovered, new figures have revealed.

According to ransomware recovery service Coveware, data exfiltration attacks are becoming more common and blending with traditional ransomware hacks. Data exfiltration extortion involves an attacker taking possession of stolen data and putting it up for sale on forums or marketplaces. Once monetized, the hacker asks the victim to pay a ransom to prevent the information’s release. 

Source Article

Frederic M. Kolodziej

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