• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

My TechDecisions

  • Best of Tech Decisions
  • Topics
    • Video
    • Audio
    • Mobility
    • Unified Communications
    • IT Infrastructure
    • Network Security
    • Physical Security
    • Facility
    • Compliance
  • RFP Resources
  • Resources
  • Podcasts
  • Project of the Week
  • About Us
    SEARCH
Network Security

Ransomware Attackers Are Likely To Hit Again

Cybereason report shows 80% of firms that paid a ransom suffered a second ransomware attack often from the same source.

July 9, 2021 Alyssa Borelli Leave a Comment

A Cybereason ransomware study suggests 80% of firms that paid a ransom had a second attack and often from the same source.

The Colonial Pipeline paid roughly $5 million in ransom to hackers. JBS, the world’s largest processed meat supplier admitted to paying $11 million.

The REvil gang behind the attack against managed service provider, Kaseya over the Fourth of July weekend demanded $70 million in ransom to unlock computers around the world.

Read: Kaseya Confirms Sophisticated Cyberattack Over The Holiday Weekend

Cybereason’s report shows that those who had paid the ransom, 40% said that during the recovery at least some of their data was corrupted.

 “Paying a ransom demand does not guarantee a successful recovery, does not prevent the attackers from hitting the victim organization again, and in the end only exacerbates the problem by encouraging more attacks. Getting in front of the threat by adopting a prevention-first strategy for early detection will allow organizations to stop disruptive ransomware before they can hurt the business,” said Lior Div CEO and Co-founder of Cybereason in a statement.

Other key findings of the report include:

  • Loss of Business Revenue: 66 percent of organizations reported significant loss of revenue following a ransomware attack.
  • Ransom Demands Increasing: 35 percent of businesses that paid a ransom demand shelled out between $350,000-$1.4 million, while 7 percent paid ransoms exceeding $1.4 million.
  • Brand and Reputation Damage: 53 percent of organizations indicated that their brand and reputation were damaged as a result of a successful attack
  • C-Level Talent Loss: 32 percent of organizations reported losing C-Level talent as a direct result of ransomware attacks
  • Employee Layoffs: 29 percent reported being forced to layoff employees due to financial pressures following a ransomware attack
  • Business Closures: A startling 26 percent of organizations reported that a ransomware attack forced the business to close their business for some period of time.

Final Thoughts

It does not pay to pay ransomware attackers. Organizations must focus on early detection and prevention strategies at the earliest stages before critical systems and data are in jeopardy.

For IT Pros, ask how your company is preparing to address ransomware threats.

If you enjoyed this article and want to receive more valuable industry content like this, click here to sign up for our digital newsletters!

Tagged With: ransomware

Related Content:

  • Cybersecurity and information or network protection. Future technology web services for business and internet project CrowdStrike Cyber Armageddon: How Do Firms Now Build…
  • DDoS, NETSCOUT Arbor Insight 7 Layers of DDoS Attacks and How To…
  • cisco webex-rooms-modern-space AVI-SPL Receives Cisco 2023 Reimagine Workspaces Partner of…
  • data breach Nearly 900 Schools Impacted by National Student Clearinghouse…

Free downloadable guide you may like:

  • Download TechDecisions' Blueprint Series report on Security Awareness now!Blueprint Series: Why Your Security Awareness Program is Probably Falling Short

    Learn about the evolution of phishing attacks and best practices for security awareness programs to ensure your organization is properly prepared to defend against them in this report from TechDecisions' Blueprint Series.

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest Downloads

Practical Design Guide for Office Spaces
Practical Design Guide for Office Spaces

Recent Gartner research shows that workers prefer to return to the office for in-person meetings for relevant milestones, as well as for face-to-fa...

New Camera Can Transform Your Live Production Workflow
New Camera System Can Transform Your Live Production Workflow

Sony's HXC-FZ90 studio camera system combines flexibility and exceptional image quality with entry-level pricing.

Creating Great User Experience and Ultimate Flexibility with Clickshare

Working and collaborating in any office environment today should be meaningful, as workers today go to office for very specific reasons. When desig...

View All Downloads

Would you like your latest project featured on TechDecisions as Project of the Week?

Apply Today!

More from Our Sister Publications

Get the latest news about AV integrators and Security installers from our sister publications:

Commercial IntegratorSecurity Sales

AV-iQ

Footer

TechDecisions

  • Home
  • Welcome to TechDecisions
  • Contact Us
  • Comment Guidelines
  • RSS Feeds
  • Twitter
  • Facebook
  • Linkedin

Free Technology Guides

FREE Downloadable resources from TechDecisions provide timely insight into the issues that IT, A/V, and Security end-users, managers, and decision makers are facing in commercial, corporate, education, institutional, and other vertical markets

View all Guides
TD Project of the Week

Get your latest project featured on TechDecisions Project of the Week. Submit your work once and it will be eligible for all upcoming weeks.

Enter Today!
Emerald Logo
ABOUTCAREERSAUTHORIZED SERVICE PROVIDERSYour Privacy ChoicesTERMS OF USEPRIVACY POLICY

© 2025 Emerald X, LLC. All rights reserved.