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A decisive action to cut off the business model of cyber extortionists.
But the message around ransom payments is contradictory to say the least.
In the UK, the NCSC has made it abundantly clear that businesses should not pay ransoms.
Ultimately though, this directly funds cybercriminal activity and enables it to gain momentum.
Chief Security Evangelist, ESET.
However, there feels like less public transparency in the UK on whether companies pay ransomware demands.
But not paying can cost businesses more in the long run.
But doing so funds this global cybercrime pandemic.
Its therefore little surprise that ransomware payments, according to Chainalysis, broke the $1bn mark in 2023.
What other choice do we have?
The only exception should be where there is a risk to life.
So, what else can be done to slow the rise in ransomware attacks?
Well, we can consider a few options, such as closing vulnerability trading brokers and regulating cryptocurrency transactions.
Meanwhile, the biggest challenge for insurers in todays digital environment is their lack ofdata.
This perfect storm explains why the insurers are continually adapting requirements and increasing premiums at an escalated pace.
Its therefore essential that businesses adopt acybersecurityposture that provides them with the best possible protection, insured or not.
A match made in cyber heaven?
However, there remains one significant obstacle in this becoming a happy and truly fulfilling marriage.
We’ve featured the best malware removal tools.
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