Businesses are getting better at beating ransomware extortionists and more victims are refusing to pay to unlock their systems, according to a new report. The ratio of ransoms that the cyber criminals demand to ransoms actually paid fell to just 12% in the third quarter of 2021, compared to 44% in the same period in the year prior, according to the report by Corvus Insurance out of Boston. The report said that businesses have become better prepared in handling ransomware attacks by improving their backup systems, better protecting internal backups as well as off-site backups that serve as a failsafe in case the main systems are compromised. Paid Ransomware Demands Fall Sharply as Businesses Wise Up
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