Wednesday, May 1, 2019

How Will You Handle Ransomware?

How Will You Handle Ransomware?

Ransomware attacks are one of the scariest and most reported cybersecurity threats, and a recent report found that most victims are now prepared to pay the ransom.

The Telstra’s 2019 Security Report surveyed 320 Australian businesses, more than half of which paid ransomware attackers to retrieve their data. Interestingly, 77% of those companies successfully recovered their information after paying the ransom.

In some ways, this is a good thing. Nobody wants to lose their data to hackers. However, it also incentivizes bad actors, making it possible for them to continue victimizing more people. Having a plan to combat and address ransomware is quickly becoming a critical component of any cybersecurity strategy, and it’s one that demands more than just a cache of Bitcoin for a rainy day.

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