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"Based on 481 ransomware attacks from the Dutch police and a Dutch incident response party, we arrive at a number of key insights: Insurance led to a 2.8x higher ransom amount paid, without affecting the frequency of payments. Data exfiltration led to a 5.5 times higher ransom amount paid, without affecting the frequency of payments. Organizations with recoverable backups were 27.4 times less likely to pay the ransom compared to victims without recoverable backups.

Press release: https://www.utwente.nl/nieuws/2024/1/1318314/ut-brengt-besluitvormingsproces-slachtoffers-ransomware-in-kaart#belangrijke-inzichten

Full article by Tom Meurs and colleagues: https://ris.utwente.nl/ws/portalfiles/portal/324702475/Ecrime2023vPREPRINT.pdf

h/t, #politieNL

@allan @brett @lawrenceabrams @ecrime_ch @GossiTheDog

#databreach #ransomware #cyberinsurance #backup #incidentresponse #risk #dataprotection #analyses