Insured companies more likely to be ransomware victims, sometimes more than once

Companies with cyber insurance are more likely to get hit by ransomware, more likely to be attacked multiple times, and more likely to pay ransoms, according to a recent survey of IT decision makers.

Back in 2019, fewer than 20% of enterprises suffered repeat ransomware attacks, while during the pandemic, the percentage rose to around 30%. And it didn’t stop with the pandemic, with 38% of organizations surveyed in 2022 reporting two or more successful ransomware attacks, those that attackers were able to lock systems, encrypt data, or exfiltrate information to demand a ransom, according to Barracuda’s report conducted by Vanson Bourne.

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