Small Business Is Big Target for Ransomware

Small businesses are being hit by ransomware, and a majority are paying up to get their data back.

According to a new survey of senior executives, 46% of all small businesses have been the targets of a ransomware attack. And of those companies that have been hit with a ransomware attack, almost three-quarters (73%) have paid a ransom.
Forty-three percent of small businesses paid between $10,000 and $50,000 to ransomware attackers. Thirteen percent paid more than $100,000. Of those who paid, however, 17% recovered only some of the companys data.
Looking deeper into the survey conducted by Infrascale shows that business-to-business sales companies are more likely to be hit than those with a business-to-consumer model, with more than half (55%) of the former reporting attacks versus 36% of the latter.
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Small Business Is Big Target for Ransomware