THE average total cost of recovery from a ransomware attack has more than doubled in a year, increasing from $761,106 in 2020 to $1.85 million in 2021, according to a global survey carried out by cybersecurity solution provider Sophos. The survey found that the average ransom paid is $170,404. Furthermore, it also found that only 8 percent of organisations managed to get back all of their data after paying a ransom, with 29 percent getting back no more than half of their data. The survey polled 5,400 IT decision makers in mid-sized organisations in 30 countries across Europe, the Americas, Asia-Pacific and Central Asia, the Middle East, and Africa. While the number of organisations that experienced a ransomware attack fell from 51 percent of respondents surveyed in 2020 to 37 percent in 2021, and fewer organisations suffered data encryption as the result of a significant attack (54 percent in 2021 compared to 73 percent in 2020), the new survey results reveal worrying upward trends, particularly in terms of the impact of a ransomware attack.
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