It doesn't pay to pay ransom to hackers: Study

Cars queueing as they wait to refuel at a Shell petrol station in Washington, after ransomware crippled Colonial Pipeline last month. PHOTO: REUTERS
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SINGAPORE - Even if a company pays the ransom hackers demand to release files locked up in a ransomware attack, the crooks can still strike again, a recent study has found.

Should organisations give in to cybercrooks? This is the question raised following recent high-profile cases of ransomware attacks, such as the ones against Colonial Pipeline and JBS in the United States last month that resulted in millions of dollars extorted.

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