What is Ransomware?
According to Veeam’s 2022 Ransomware Trends Report, less than 69% of data stolen during ransomware attacks in 2021 was ever recovered. Ransomware is big business for bad actors. In 2021, the average ransom demand was $247,000, up 45% higher than the previous year. Considering that 76% of the victim organizations surveyed admitted to paying the ransom, it’s likely that the total cost of ransomware to businesses globally was in the billions.