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PHOTO: Michael Geiger on Unsplash Ransomware attacks are a nightmare for business executives. Within the last couple of months, hackers were able to shut down the Colonial Pipeline and disrupt operations at meatpacker JBS Foods, disrupting the economy and inconveniencing millions of customers. When many enterprise leaders think about ransomware, they see dollars and data loss. While both are reasonable concerns, new research from Boston-based Cybereason, which develops attack protection, shows that the impact from ransomware attacks is far greater than a mere money hit, even if the loss of financial resources can be painful. In fact, the research, which consists of findings from a global ransomware survey of nearly 1,300 security professionals, reveals more than half of organizations have been the victim of a ransomware attack and 80 percent of businesses that chose to pay a ransom demand suffered a second ransomware attack, often at the hands of the same threat actor group.

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