Mimecast’s State of Ransomware report has revealed the true cost of falling victim to ransomware, and the results are staggering. Eighty per cent of IT security professionals questioned said that they had been the target of a ransomware attack in the last two years. Thirty-nine per cent of those attacked revealed that they had paid a ransom to attackers in order to salvage their data. The average ransom paid by US companies was $6.3 million, while companies in Canada paid a slightly lower average of $5.34 million. The report showed how critical it is to take measures to mitigate, and protect systems from, ransomware attacks.