Rampant ransom payments highlight the need for urgent action on cyber resilience

A staggering 69% of organizations reported paying ransoms this year, according to research from Cohesity, with 46% handing over a quarter of a million dollars or more to cybercriminals. It is not at all the picture of resilience that is often painted by the industry. It is clear that there is a disconnect between cyber resilience policy and operational capacity that urgently needs to be addressed.

With the advent of Ransomware-as-a-Service platforms and the current global geopolitical situation, organizations face a huge existential threat through destructive cyberattacks that can bankrupt them. This gap between trust and capability needs to be addressed, but to do so, these organizations need to first recognize that there is a problem.