Ransomware: To Pay or Not to Pay?

Ransomware is a scourge that’s been plaguing businesses and organizations over the past few years. It’s a form of malware, malicious software that encrypts your files or system, denying you access to them. The attacker demands money—a ransom, if you will—in exchange for restoring access to your data. These crimes are more common than you might think; according to cybersecurity provider Symantec, there were more than 1,200 ransomware detections each day in 2017.

Because the cost of system downtime is exorbitant, many organizations believe it’s much cheaper to just pay the ransom and get back to work. However, according to law enforcement agencies and security professionals, when you fall victim to ransomware the last thing you should do is pay the ransom.

Why shouldn’t you pay hackers the ransom?

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February 2019
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