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According to a recent market study 1 , 71% of individuals surveyed said double and triple extortion tactics have grown in popularity over the last 12 months, and 65% agree that these new threats make it tougher to refuse ransom demands. What is Double Extortion Ransomware?
However, even after the Colonial Pipeline attack, less than half of businesses (48%) have a formal ransomware plan according to the 2022 Thales Data ThreatReport. In addition, the report found that one in five businesses have paid or would pay a ransom to get their data. Cyberinsurance coverage ramps up.
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