Ransomware Recovery Failures: Paying Often Doesn't Work
🔐 A Hiscox survey of 1,000 mid-sized firms finds ransomware remains a major risk: 27% of organizations reported attacks in the past year and 80% of victims paid ransom. Yet only 60% of those who paid recovered data fully or partially. Experts cite faulty encryptors, unreliable decryptors, corrupted backups and double/triple extortion as common causes. Industry specialists recommend tested recovery plans, retainers with incident response teams, and robust cyber insurance rather than relying on ransom payments.
