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Ransomware attacks: Weighing the cost of paying up
Victims choosing to pay have incurred lower average breach costs than those who do not
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Still, attacks continue to occur, and the question of whether to pay ransomware hackers or not remains hotly debated.
PHOTO: PEXELS
Hannah Murphy
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To pay or not to pay? For companies unfortunate enough to be hit by a ransomware attack, that is the crucial question.
Ransomware attacks – where cyber criminals lock up a victim’s data or computer system and release it only if a ransom is paid – exploded in 2020 and 2021, in part because a shift to remote working during the pandemic left organisations more vulnerable to hacking.
