In the last 12 months, 48 percent of organizations across the globe have fallen victim to a ransomware campaign, with 80 percent indicating that they’ve suffered from three or more attacks, according to a global survey conducted by Vanson Bourne.

In response to ransomware attacks, 67 percent of businesses globally have increased IT security spending, and 52 percent reported that they are changing their security strategies to focus on mitigation. Fifty-four percent also agreed that their organizations have lost faith in traditional cybersecurity, such as antivirus.