cyber
TRENDS
McGrathNicol research found that 70 % of businesses said they would be willing to pay a cyber ransom . Darren Hopkins , Cyber Partner , McGrathNicol Advisory , discusses the research findings and how to respond .
Ransomware payment still seen as ‘ way out ’ for threequarters of Australian businesses
cGrathNicol Advisory released
M the findings of its third annual ransomware survey , revealing that 56 % of Australian businesses have suffered a ransomware attack in the past five years : 42 % of medium and large businesses have fallen victim to a single attack , while 14 % have been targeted multiple times . Of those that did suffer an attack , close to three-quarters ( 73 %) chose to pay the ransom demand .
Now in its third year , McGrathNicol Advisory ’ s Ransomware Survey provides an authoritative barometer of the ransomware threat to Australian businesses . McGrathNicol partnered with YouGov to survey 500 Australian business owners , partners , directors and C-suite leaders across businesses with 50 or more employees .
The five-year ransomware average is down from a high of 69 % in 2022 but remains well above the
The estimated average cyber ransom paid was US $ 1.03 million .
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