Ransomware attacks carry huge financial impacts – but CISO worries still aren’t stopping firms from paying out

Ransomware attacks carry huge financial impacts – but CISO worries still aren’t stopping firms from paying out
Ransomwareattacks come with an average recovery cost of $4.5 million, according to a recent survey, which also found a high proportion of businesses have fallen prey to themalwarein the past year. Data from Absolute Security, which surveyed 500 CISOs based in the US through Censuswide, found 72% of respondents’ firms had dealt with ransomware attacks in the 12 months prior to the survey. Respondents registered extreme concern over the potentialcost of ransomware attacks, with nearly three quarte...

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