Orgs paid hackers around Tk 7cr to get data back: Sophos report

Sophos, the world's leading cloud-native security platform, recently published its annual review of real-world ransomware experiences in its State of Ransomware 2022 report.

According to the report, 66% of the organisations in the survey suffered from ransomware in 2021. 965 companies shared their ransomware payment details during the survey.

The report was compiled by Sophos after surveying 5,600 organisations from 31 countries across Asia-Pacific, Central Asia, Middle East, Europe, Americas and Africa.

The report also revealed that organisations that had their data encrypted in the ransomware attacks roughly paid $812,360 or over Tk. 7 crores to get their data back. Additionally, 46% of affected organisations that had their data encrypted paid the ransom despite having other data recovery methods, including backups.

The findings from the report confirmed that ransom payments are getting higher with time as more victims are paying with time.

Apart from that, it was also discovered that many global organisations depend on cyber insurance to help them regain their data from ransomware attacks.

However, with growing cybersecurity threats, ransomware attacks cause a massive impact on organisations as it usually takes around a month to recover the data and recover from the attack.