Ransomware is growing into a bigger threat each year, as more companies without proper ransomware attack prevention fall prey to these costly and devastating attacks.
What is also becoming obvious, both to insurance companies and ransomware attack prevention services, is that many companies dealing with these attacks are choosing the wrong solutions.
Paying ransoms only leads to more trouble.
The most effective solution is investing in ransomware attack protection that prevents an attack in the first place.
Paying Ransoms Does Not End The Problems
According to industry research, companies that pay ransoms to obtain decryption keys to regain control of their hijacked networks frequently end up re-targeted and forced to pay additional fees.
One study reveals that 58% of targeted companies without proper ransomware attack prevention paid ransoms, but this did not end the problem for many of them, as a high number either did not get their data back or faced additional ransoms.
Another study found that 36% of companies that paid ransoms were targeted a second or even third time.
Among these businesses without effective ransomware attack protection, 10% of them never regained access to all of their data even after paying multiple ransoms.
Companies That Pay Ransoms Likely Targets Again
The conclusion that ransomware attack prevention services and many cyber insurance companies have reached is that paying ransoms seems to only encourage more attacks for ransoms.
Once hackers are successful with one attack on a business that has failed to invest in strong ransomware attack prevention, they take advantage of this willingness to pay to regain data by exploiting it even more.
Companies can then be re-ransomed with threats to spread data through the dark web or even have their data leveraged against them with threats to go to the media about the hack and how the company paid the ransom.
In 10% of these cases, businesses refused the second ransom, never regaining their data after already paying a hefty amount.
The 4% of the businesses that paid all the ransoms were given faulty decryption codes while the hackers made off with their money.
Strong Ransomware Attack Prevention The Only Effective Solution
The one thing that these studies easily illustrate is that strong ransomware attack protection is the only solution that can effectively protect company data, reduce liability, and prevent being forced to pay exorbitant ransoms.
A willingness to pay to retrieve data only gives hackers more incentive to keep doing it, both to the businesses they have already attacked and others.
Ransomware attack prevention services end up being the safer and more affordable solution to the potential of being ransomed and the damages that can follow.
Every Business Must Invest In Ransomware Attack Prevention Services
Ransomware attack prevention is essential for every business that uses or stores digital data of any kind, as there is no winning against these hackers.
Businesses that pay to recover their data only reward these hackers, increasing the chance that they will do it again, many times even targeting the same companies a second or third time.
Dealing with ransomware attack protection perfectly illustrates the notable saying that prevention is the best medicine.
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To avoid becoming a victim and being forced to deal with the many damages that brings, an investment in professional ransomware attack prevention services such as those provided by ACP Technologies is the only and most cost-effective solution!
When in need of any type of managed IT service, ACP Technologies can develop a custom managed IT solution to simplify and enrich current business IT services - call (929) 581-8105 for more information!
