![]() ![]() The first look at the Ransomware Trends 2023 data was presented at VeeamON 2023, the Community Event for Data Recovery Experts, in May 2023. How did organizations ensure they would not re-infect their environments during recovery?.Were the criminals able to affect the backup repositories?.How pervasive was the attack and how much data were they able to eventually recover?.How many organizations paid, even if they had policies not to – and were they able to recover?.How ransoms were paid and what is changing in cyber insurance?.What is in most risk management roadmaps and incident response playbooks?.Organizational alignment between cyber and backup teams and their executive leadership.The 2023 Ransomware Trends Report provides insights into: The tightening cyber insurance market is driving customer behaviors as well, with 18% of respondents whose organization paid a ransom choosing not to use their insurance policy to do so. It’s clear that the ransomware epidemic is changing the insurance market: 74% of respondents saw increased premiums in 2022, and 10% of respondents saw their coverage benefits reduced. The research shows that 80% of organizations who fell victim to ransomware paid the ransom, with 77% of those who paid relying on insurance policies to cover the payment. How many organizations paid a ransom? Was insurance part of that payment?.Were organizations able to recover their data?. ![]() What effect has the ransomware epidemic had on cyber insurance coverage?.This report covers topics on paying ransom and insurance practices including: Here are the latest statistics on these trends from the 2023 Ransomware Trends Report that Veeam released in May 2023. Paying the ransom during a cyberattack and having the ability to recover the data are often top of mind for many organizations after they’ve been hit by a ransomware attack. ![]()
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