Ransomware attacks have become a relentless threat, with nearly one-third of companies paying a ransom four or more times in the past year to regain access to their systems, according to Semperis. More than a third of companies either didn’t receive decryption keys or received corrupted ones, leaving them without access to their data. The 2024 Ransomware Risk Report reveals that 87% of companies experienced disruption from these attacks, and over 80% saw their IT identity systems compromised. 61% of respondents lack dedicated backup systems for critical infrastructure like Microsoft Active Directory or Entra ID.
This situation has worsened as ransomware groups collaborate, forcing companies to negotiate with multiple attackers. In the U.S. and U.K., 85% of companies faced a ransomware attack in the past year, with many paying significant sums, sometimes over $600,000, to regain control of their data. Semperis advises companies to adopt a “constant breach” posture, as attackers share information and target industries once considered off-limits. Ransomware is no longer an isolated issue but an ongoing challenge requiring robust security strategies.