Ransomware payments continue to rise even as Law Enforcement and Government officials encourage organizations not to pay. The average Ransomware payment per attack is now over $1 million USD and studies show that over 25% of companies attacked still will pay the ransom. With that being said, only two thirds of those that have been attacked made changes to their cybersecurity plans following the incident. Companies continue to pay the ransoms because they believe receiving the decryption key is the easiest way to restore their networks. Many companies try to keep quiet about an attack to reduce the possible fallout from clients and customers. The Egregor ransomware gang has found an innovative way to make their attacks public and pressure victims into paying. The operation repeatedly prints ransom notes from all available network and local printers after an attack. Other ransomware gangs will likely copy this tactic or find their own original way of drawing public attention to attacks.
12 Essentials for a Successful SOC Partnership
As cyber threats continue to impact businesses of all sizes, the need for round-the-clock security