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Nearly Half of Companies Say They Pay up Ransomware Demands - but Here's Why that Could Be a Bad Idea

Summary by Tech Radar
Level of ransom demands has fallen, but organizations are still at risk.

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According to the annual ransomware report from cybersecurity company Sophos, nearly half of companies still pay ransoms to recover their data if they become victims. ... ...

Swiss companies use the wallet more often than the international cut in ransomware attacks. However, many show negotiation skills - and pay significantly less than required in the end.

Eighteen percent of Belgian companies were hacked in the past year, according to a survey published on Thursday by the consultancy firm BDO Belgium. Not less than half of them paid a ransom, almost double that of the previous year. Piracy appears to be clearly on the rise among the 432 companies surveyed. While last year 12% of companies had been hacked, this figure has now risen to 18%. Almost one in ten companies (9%) also paid a ransom, compa…

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Globe Newswire broke the news in on Tuesday, June 24, 2025.
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