Consumers Distrust Companies that Pay Ransomware Attackers

Share post:

A Survey from data management company Cohesity found that 23% of respondents said they would stop doing business with a company that paid a ransom.

Additionally, 47% said they’d lose confidence if the company weren’t forthcoming about the attack and 22% disclosed that they would lose confidence if the company pay the ransom.

The survey shows that many customers do not seem satisfied with the action, cyberattacks to pay ransoms for access to their servers and systems, since 40% of the 1,000 respondents think that organizations that are affected by ransomware, should not pay the ransom.

According to Cohesity CISO Brian Spanswick, “Ransomware attacks are so prevalent that they are now part of our collective consciousness. And our research indicates that when businesses pay the ransom, they run the risk of losing consumer confidence and prompting people to take their business elsewhere.”

Regarding the effective fight against ransomware attacks, 42% of the respondents are of the opinion that companies do not do enough to protect their data. To protect their systems, 61% recommend that companies should regularly test their systems for threats, while 59% asked the companies to introduce appropriate security software.

For more information, read the original story in Tech Republic.

Featured Tech Jobs

SUBSCRIBE NOW

Related articles

Cyber Security Today, April 12, 2024 – A warning to Sisense customers, a new tactic for spreading the Raspberry Robin worm, and more

A warning to Sisense customers, a new tactic for spreading the Raspberry Robin worm, and more. Welcome to Cyber Security Today. It’s Friday April 12th, 2024. I’m Howard Solomon. Organizations that use products from business analytics provider Sisense [SI-SENSE] are being told to reset user login credentials and digital keys. The warning comes from the

LinkedIn introduces verification for recruiters to combat scams

LinkedIn announced today the launch of a new verification process for job recruiters, a move aimed at curtailing...

Cyber Security Today, Week in Review for week ending Friday, April 5, 2024

This episode features a discussion on a highly critical report on the hacking of Microsoft Exchange Online email accounts, a case study of a ransomware attack and the discovery of a years-long infiltration of an open source group to insert a backdoor

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways