Despite an increase in efforts to prevent ransomware, the ransomware victim volume has continued to expand. More than 70% of tech companies, and about half of financial services and education organizations, reported they know a victim.

Those were among the findings in a recent survey from the Tampa Bay, Fla.-based KnowBe4. The survey compared levels of concern over ransomware from 2014 to 2016 at 1,138 companies across a variety of industries.

The results showed growing apprehension over ransomware – 79% said they are very or extremely concerned about it, compared to 73% in 2014. There was also a huge jump in the number of companies hit directly by ransomware at 38% in 2016 compared to 20% in 2014. Midsize companies with 250 to 1,000 employees were the hardest hit at 54%. Two out of three respondents said they knew victims, compared to 43% in 2014.

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Roy Urrico

Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).