
25 Mar Most Ransomware Victims Who Pay Up Don’t Get Their Data Back
This week in cybersecurity from the editors at Cybercrime Magazine
–Read the full story in SC Media
Sausalito, Calif. – Mar. 25, 2025
It’s any IT professional’s worst nightmare, writes Trevor Dearing, an SC Media contributor. Someone has breached the network, locked users out of their computers, captured company data, and has held it for ransom.
Cybersecurity Ventures predicts that ransomware costs in damage and ransoms will exceed $265 billion by 2031.
According to a Ponemon Institute report, 58 percent of organizations halted operations in 2024 following a ransomware attack. And they were down for an average of 12 hours.
In 2024, on average, organizations spent $150,000 resolving an attack. That’s just the hard costs. More than one-third of organizations also reported damage to their brands following an attack.
Ponemon found that 51 percent of organizations that were attacked paid the ransom, and only 13 percent got their data back.
Cybercrime Magazine is Page ONE for Cybersecurity. Go to any of our sections to read the latest:
- SCAM. The latest schemes, frauds, and social engineering attacks being launched on consumers globally.
- NEWS. Breaking coverage on cyberattacks and data breaches, and the most recent privacy and security stories.
- HACK. Another organization gets hacked every day. We tell you who, what, where, when, and why.
- VC. Cybersecurity venture capital deal flow with the latest investment activity from various sources around the world.
- M&A. Cybersecurity mergers and acquisitions including big tech, pure cyber, product vendors and professional services.
- BLOG. What’s happening at Cybercrime Magazine. Plus the stories that don’t make headlines (but maybe they should).
- PRESS. Cybersecurity industry news and press releases in real time from the editors at Business Wire.
- PODCAST. New episodes daily on the Cybercrime Magazine Podcast feature victims, law enforcement, vendors, and cybersecurity experts.
- RADIO. Tune into WCYB Digital Radio at Cybercrime.Radio, the first and only round-the-clock internet radio station devoted to cybersecurity.
Contact us to send story tips, feedback and suggestions, and for sponsorship opportunities and custom media productions.