Home » Study Reveals Traditional Data Security Tools Have a 60% Failure Rate Against Ransomware and Extortion

Study Reveals Traditional Data Security Tools Have a 60% Failure Rate Against Ransomware and Extortion

by Databreaches.net
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Titaniam, Inc., the industry’s most advanced data security platform, announced today the ‘State of Data Exfiltration & Extortion Report.’ The survey revealed that while over 70% of organizations have an existing set of prevention, detection, and backup solutions, nearly 40% of organizations have been hit with ransomware attacks in the last year, and more than 70% have experienced one in the previous five years, proving existing solutions to be woefully inadequate in managing the risks and impacts from these attacks. Data exfiltration during ransomware attacks is up 106% relative to where it was five years ago. We are seeing the emergence of a new trend where cybercriminals are no longer limiting themselves to just encrypting entire systems—they are making sure to steal data ahead of the encryption so that they can have additional leverage on the victim. The survey found that 65% of those who have experienced a ransomware attack have also experienced data theft or exfiltration due to the incident. Of those victims, 60% say the hackers used the data theft to extort them further, known as double extortion. Most of them, i.e., 59% of victims, paid the hackers, implying that they were not helped by their backup or data security tools to prevent this fate. Read more of their press release at DarkReading.

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