Ransomware: To Pay or Not to Pay Is Not the Question
Ransomware has come a long way since the 1989 "AIDS Trojan." In 2019 ransomware demands topped $12M. Succinctly put: "Ransom demands grew larger. Tactics became more cutthroat."
October 19, 2020 at 04:29 PM
6 minute read
This article appeared in Cybersecurity Law & Strategy, an ALM publication for privacy and security professionals, Chief Information Security Officers, Chief Information Officers, Chief Technology Officers, Corporate Counsel, Internet and Tech Practitioners, In-House Counsel. Visit the website to learn more.
Ransomware has come a long way since the 1989 "AIDS Trojan." Distributed by diskette, it encrypted the file names and directories of its victims. Ransom demands have also come a long way. The AIDS Trojan attack demanded $189 for the decryption key. In 2019 ransomware demands topped $12M.
As the CrowdStrike 2020 Global Threat Report succinctly puts it: "Ransom demands grew larger. Tactics became more cutthroat." Particularly cutthroat has been the advent of encryption cum exfiltration.
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