Extortion: Most British Firms Pay The Ransom

The UK has become the country that is most likely to pay cyber criminals, with over 80% of businesses paying ransomware demands, twice as much as the global average. The global average was 58%, making the UK the most likely country to pay cyber criminals. 

Security firm Proofpoint's research found that over 75% of UK firms were affected by ransomware in 2021.

Proofpoint say that phishing attacks remain the key way criminals access networks. Phishing happens when someone in a firm is lured into clicking on a link in an email that contains malware, which in turn can help cyber-criminals access company networks.

Ransomware attacks are so-called because the hackers encrypt vital data and demand a ransom in order to get the information decrypted.Negotiating with cyber criminals in this manner is discouraged by governments and industry, but that hasn't stopped some high-profile firms paying enormous sums  up in order to get their systems working again.

Many organisations that have been victims of ransomware end up paying many times, according to the research. Only half regained access to data and systems after the first payment, the research found, as criminals got greedy and demanded more money.

But only 4% of those who paid a ransom were unable to retrieve their data, either because the key was faulty or the criminals just walked off with the money.

Proofpoint:       BBC:      Security Journal:       Data Recovery Speciaists:     BDaily:

You Might Also Read: 

Negotiating Ransom: To Pay Or Not?:

 

« E-Commerce Site Exposed Children Worldwide
Kaspersky Provokes Controversy »

CyberSecurity Jobsite
Perimeter 81

Directory of Suppliers

CYRIN

CYRIN

CYRIN® Cyber Range. Real Tools, Real Attacks, Real Scenarios. See why leading educational institutions and companies in the U.S. have begun to adopt the CYRIN® system.

Authentic8

Authentic8

Authentic8 transforms how organizations secure and control the use of the web with Silo, its patented cloud browser.

Cyber Security Supplier Directory

Cyber Security Supplier Directory

Our Supplier Directory lists 6,000+ specialist cyber security service providers in 128 countries worldwide. IS YOUR ORGANISATION LISTED?

BackupVault

BackupVault

BackupVault is a leading provider of completely automatic, fully encrypted online, cloud backup.

Clayden Law

Clayden Law

Clayden Law are experts in information technology, data privacy and cybersecurity law.

CSO

CSO

CSO serves enterprise security decision-makers and users with the critical information they need to stay ahead of evolving threats and defend against criminal cyberattacks.

National Cyber Security Centre (NKSC) - Lithuania

National Cyber Security Centre (NKSC) - Lithuania

NKSC is the main Lithuanian cyber security institution, responsible for unified management of cyber incidents, monitoring and control of the implementation of cyber security requirements.

Cyber Exec

Cyber Exec

Cyber Exec is an executive search firm dedicated to global talent acquisition in Cyber Security, Information Technology, Defense...

Mastercard

Mastercard

MasterCard is a leading global payments solutions company that serves consumers and businesses in over 210 countries and territories worldwide.

OmniNet

OmniNet

OmniNet delivers the next generation of cybersecurity and is the only provider in the market to move the edge of small businesses to a virtual, omnipresent perimeter.

ENEA Qosmos Division

ENEA Qosmos Division

Qosmos, a division of Enea, leads the market for IP traffic classification and network intelligence technology used in physical, SDN and NFV architectures.

DefCamp

DefCamp

DefCamp is the most important annual conference on Hacking & Information Security in Central Eastern Europe.

NLnet Labs

NLnet Labs

NLnet Labs is a not-for-profit foundation with a long heritage in research and development, Internet architecture and governance, as well as security in the area of DNS and inter-domain routing.

Squalio

Squalio

Squalio is an information technology group that delivers solutions and services for secure and effective IT management.

Improsec

Improsec

Improsec is a fully independent Cyber Security advisory company - we provide knowledge, experience and both strategic and deep technical expertise to our clients.

Rezilion

Rezilion

Rezilion is a stealth mode cyber-security start-up developing a cutting edge technology that makes cloud environments self-protecting and resilient to cyber-attacks.

Right-Hand Cybersecurity

Right-Hand Cybersecurity

Right-Hand Cybersecurity empowers businesses to monitor, measure and mitigate employee induced cyber risks in real-time.

Mindtree

Mindtree

Mindtree is a global technology consulting and services company. Areas of expertise include Enterprise IT Transformation, Data & Intelligence and Cloud Services.

Ironhack

Ironhack

Ironhack provide intensive training courses & bootcamps in Web Development, UX/UI Design, Data Analytics & Cybersecurity.

Nineteen Group

Nineteen Group

Nineteen Group delivers major-scale exhibitions within the security, fire, emergency services, health and safety, facilities management and maintenance engineering sectors.

Venari Security

Venari Security

Venari is an award-winning cybersecurity SaaS provider that has developed an ETA (Encrypted Traffic Analysis) platform which fundamentally changes the way encrypted traffic is analysed.