80% of Ransomware Victims Pay Up, But Many Don't Get Their Data Back

Discover why 80% of businesses pay ransomware demands and the risks involved, as cyber insurance soars to meet rising threats.

By Content Team

Sep 30, 2025

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A new report from insurer Hiscox reveals that 80% of companies hit by ransomware attacks pay the ransom, but only 60% successfully recover their data. The study surveyed 5,750 small and medium businesses, finding 27% were targeted in the past year.

Recent high-profile victims include Marks and Spencer, Co-op, and Jaguar Land Rover. JLR received a £1.5bn government loan guarantee after a month-long factory shutdown, with production losses estimated at £200m. M&S faces at least £300m in damages from an April attack.

Nearly a third of companies that paid ransoms faced additional demands for more money. The cyber insurance market, worth £521m last year, is expected to reach £2.4bn by 2033 as businesses seek protection.

Source: Sky News

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