Four out of Five Ransomware Victims Would Pay the Ransom Again

[Faybert]

Content source

https://www.bleepingcomputer.com/news/security/four-out-of-five-ransomware-victims-would-pay-the-ransom-again/

round four out of five ransomware victims who paid a ransom demand to recover their files said they would pay the ransom again to recover data if no backup files are available.

This is one of the many conclusions of a survey of 1,252 users from 13 countries across Asia, Australia, and Europe, included in the Telstra Security Report 2018. The survey looked at various facets of the cyber-security landscape, but we are only going to focus on the ransomware-related findings.

Most paying victims were able to recover their files
According to the survey's results, respondents reported an increase in ransomware attacks in 2017, compared to similar surveys carried out in previous years.
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Most victims would pay the ransom again
Of those who paid the ransom —76% of Asians, 83% of Australins, and 80% of Europeans— said they'd pay the ransom again if they didn't have backup files available.

This is contrary to popular law enforcement advice, who recommend not paying the ransom. Nonetheless, such idealistic advice is sometimes impossible to apply in the realities of the real world, where companies may lose access to intellectual property far more expensive to their daily activity than a meager $1,000 - $5,000 ransom request.
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[tim one]

I don't understand: they prefer to pay rather than learn how to protect their information, according to a solid security system and a good backup plan.
OMG that's absurd!

 

[Wingman]

And this is why ransomware still exists...their business model just works!

 

[CharlieBrown]

I didn't download the report but I wonder how this broke down by the age of the victim with regard to those being willing to pay again. I'm sure those responsible for the ransomware just love hearing the results of this survey.