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Cyber Security

Organizations increasingly reluctant to pay ransomware demands

Menlo Security conducted a global poll on responses and reactions to ransomware attacks. 79 percent of organizations hit by ransomware should not pay the ransom according to 79 percent. 69 percent of respondents also think that tougher penalties should be given to criminals who steal company data and extort organizations. This follows recent high-profile attacks that led to Colonial Pipeline in the U.S. paying over $4 million in Bitcoin to cybercriminals and Travelex paying $2.3 million to regain control after hackers shut down its financial transaction networks.

Source: https://www.helpnetsecurity.com/2021/07/05/pay-ransomware-demands/

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