BrandPost: New Gartner Report, Quick Answer: Ransomware — What Happens If You Pay?

BrandPost: New Gartner Report, Quick Answer: Ransomware — What Happens If You Pay?

There's one surefire way to end ransomware once and for all: Stop paying. If every organization that suffered a ransomware attack refused to pay up, the threats would lose their income stream, and the work would dry up leading to the end of these attacks as we know them.

Simple, right? It turns out, not so much.


The ransomware industry has become increasingly adept at generating demand. While there are both government and private entities working to dissuade organizations from paying, including legislation that may ban ransom payments for certain sectors, or the phasing out of ransom payment coverage by cyber insurance companies, the hold that cyber ransom has on its victims makes it likely that breached companies will continue paying the ransom. Organizations that do not pay ransomware risk potential losses that far outweigh the financial hit taken from an extortion fee, which gives attackers a clear advantage.

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