The Risks Involved in Paying After Ransomware Attacks

Image by Pete Linforth from Pixabay Ransomware attacks do not necessarily end with the payment despite the huge sum of money involved, there are potential risks attached to the attacks.  A session at Gartner’s Security & Risk Management Summit has revealed that the average cost of a ransomware payment in Q1 2020 was $178,254. While the amount is on the high side, you should know that the downtime cost due to any attack was not taken into consideration. Depending on the size of your business and especially if it’s a midsize company, there are chances that you’ll not be getting all of your encrypted data back after you might have paid for the ransomware attack, the session went on to divulge. Paul Furtado, a senior director and analyst of MSE security at Gartner, was reported to have observed that “What we see is that about 4% of the data is non-recoverable.” What this boils down to is that you have lost both ways.  You have paid the ransom demanded but your data has been compromised and tampered with. It dawns on you that the guys you are dealing with don’t have an iota of good intention for you and your business.  Another thing…

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