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2021-07-08 19:06:09 Should you pay the ransom ?

Most law enforcement agencies recommend not paying ransomware attackers, citing that it will only invite hackers to commit more ransomware attacks. However, when an organization faces a possibility of weeks or longer of recovery, the thought of lost profits may begin to sink in, and an organization may start to consider the price of the ransom compared to the value of the data that has been encrypted. According to Trend Micro, while 66% of companies state they would not pay a ransom, about 65% do pay the ransom when faced with the decision. The attackers set the price point so it is worth their time but low enough that it will be cheaper for the targeted organization to pay the attackers off rather than restore the encrypted data.

Even though it would be understandable as to why some organizations would want to pay the ransom, it is still not recommended for a number of reasons:

• Still dealing with criminals : There is still no guarantee that the attackers will follow through with their word and decrypt the data. A Kaspersky Security Bulletin from 2016 claimed that 20% of businesses that chose to pay the ransom demanded of them did not get their files back.

• Potential for scareware : The ransom message could be used without having accessed an organization's data.

• Bad decryption key or one that barely works : After paying the ransom, the decryptor an organization receives may only work enough for the criminals to say they followed through with what they promised.

• Possibility of repeated ransom demands : Cybercriminals will now know that the targeted organization has a history of paying ransoms.

Credit : VPPOfficial

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2021-07-05 17:18:30 How do you prevent ransomware attacks ?

To protect against ransomware threats and other types of cyberextortion, security experts urge users to do the following:

- Back up computing devices regularly.

- Inventory all assets.

- Update software, including antivirus software.

- Have end users avoid clicking on links in emails or opening email attachments from strangers.

- Avoid paying ransoms.

- Avoid giving out personal information.

- Do not use unknown USB sticks.

- Only use known download sources.

- Personalize antispam settings.

- Monitor the network for suspicious activity.

- Use a segmented network.

- Adjust security software to scan compressed and archived files.

- Disable the web after spotting a suspicious process on a computer.

While ransomware attacks may be nearly impossible to stop, individuals and organizations can take important data protection measures to ensure that damage is minimal and recovery is as quick as possible. Strategies include the following:

• Compartmentalize authentication systems and domains.

• Keep up-to-date storage snapshots outside the primary storage pool.

• Enforce hard limits on who can access data and when access is permitted.

Credit : VPPOfficial

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