As more organizations adopt digital business models, data has become a lucrative target for cyberattacks. Even with defense mechanisms, ransomware attacks continue to capture organizations’ data successfully.
According to a survey by Sophos, the average ransom payment has been steadily increasing over the years, reaching around $1.5 million in 2023.
An enterprise data backup and recovery strategy could be an essential foil against data loss. Today, however, backup data is increasingly a target for ransomware, meaning that your last line of defense could become compromised.
Despite your best efforts, your organization could still be hit with a ransomware attack. If so, it’ll face an uncomfortable decision: Do you pay the ransom and hope you can get your data back, or do you use your recovery plan to save your data? In these moments, speed is critical—you don’t want to waste precious time weighing the pros and cons of giving in to a cybercriminal’s demands.
