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Ransomware attacks: failing to pay ransom demands
Ransomware attacks: failing to pay ransom demands

The study "Ransomware: The True Cost to Business 2022" shows that companies in Germany paid an average of almost half a million euros in ransom. But only just under 30 percent received all of their data and systems back – a bad deal. It sounds like a fairy tale: Maastricht University is getting back the ransom it paid in a ransomware attack in 2019. And because the criminals' account, which has since been confiscated, was filled with cryptocurrency, the university now also receives Bitcoins - which are now worth many times more than they were back then. But this stroke of luck should...

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Germany 2021 in top 3 with most ransomware attacks
Germany 2021 in top 3 with most ransomware attacks

The willingness of affected companies to pay ransom demands is making the ransomware industry grow into a multi-billion dollar industry. Germany is among the top 3 countries that suffered from the most ransomware attacks in 2021. Cybereason, the XDR company, today published a new whitepaper entitled “RansomOps: Inside Complex Ransomware Operations and the Ransomware Economy”. It examines how ransomware attacks have evolved from niche to multi-billion dollar mega-industry over the past decade. As RansomOps attacks continue to evolve, ransomware syndicates are enjoying record profits, attacking public and private sector organizations of every…

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