No wonder ransomware has become one of the biggest menaces on the web; a third of organisations across the globe which became infected by the file-encrypting malware in the past 12 months gave into the demands of hackers in order to regain access to their locked data.
Losing data is the most common worrying among affected organisations, with 38 percent of respondents citing it as their biggest reason for fearing ransomware, while 27 percent fear the loss of productivity. Reputation damage, recovery costs and lost revenue are also cited as key fears of ransomware.
According to those responding to CyberEdge's research - which surveyed 1,100 IT security decision makers across the globe - it's low security awareness among employees which is the biggest factor leaving businesses vulnerable to ransomware and other cyberattacks.
One in five respondents also laid blame at the door of Microsoft, claiming that the likes of Office 365 doesn't offer adequate cybersecurity measures - that's despite the firm providing administrators with the opportunity to disable Macros, one of the main exploits used to deliver ransomware.
Not even governments are safe from this ongoing epidemic, and cybersecurity researchers at Palo Alto Networks' Unit 42 have uncovered a new form of ransomware specifically built to target Middle Eastern governments in an effort to making specific political statements.
However, researchers note the cipher doesn't delete the original versions of encrypted files, using publicly available code to carry out the actions, meaning that those behind RanRan are unlikely to be unsophisticated actors.
It does however represent a new development for ransomware, which rather than just being pushed for financial gain, is also now being used to engage in hacktivism.