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Attacked by Ransomware, Many Companies Opt to Pay Up
Monday, 10 February 2020 10:00

When most of organizations got attacked and threatened , except tracking down the anonymous would-be thieves and saving the organization from ruin, its leaders give in — and pay the ransom.
Organizations have more to lose financially from the inability to conduct business than they do from just paying the ransom. Hackers know they can make a quick buck with ransomware.
Ransomware is essentially a way to monetize a security breach. Unlike the cybersecurity breaches at Equifax, Capital One, Marriott, or others that have made headlines in recent years, in a ransomware attack the data isn't released or leaked or sold. On the contrary, in most cases, data and infrastructure aren't compromised at all; its owner just can't access them.
Organizations can undertake a few basic defensive actions to mitigate the impact of a ransomware attack. Frequently backing up data and storing it on different networks is one way, for example.
Other ways include reducing the number of outside apps the system uses, fixing software vulnerabilities immediately, and properly training and educating employees on what to look for and whom to alert if something appears suspicious.

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