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Should you pay the ransom?

January 25, 2023 by jaypee

Ransomware is big business.

Cyber criminals trick you into downloading malicious software, steal your data and lock you out of your systems – then demand a huge ransom to release it back to you.

If your business falls victim, it’s hugely tempting to just pay the ransom. That’s what many business owners do, because the consequences of losing all data are too terrible to think about.

But we have a different suggestion: Never pay.

Because there’s a good chance that you won’t get your data back anyway. These ARE criminals you’re dealing with. And just under half of victims who do pay to get their data back find that much of it is corrupt.

By paying you’re also painting a big fat target on your back. 80% of victims who pay a ransom are hit with a follow-up attack soon after.

The best thing you can do is have a resilience plan in place. You want to stop attacks succeeding in the first place, and lessen the impact of an attack if it does happen.

Also, have a plan to get your business back up and running as soon as possible – without giving in to the criminals.

If you want to speak to the experts, just give us a call.

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