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Memo to Ransomware Victims: Seeking Help May Save You Money

While ransomware might be today's top cybercrime boogeyman, attackers aren't infallible. The latest example: Errors in DarkSide - and its BlackMatter rebrand - enabled security experts to quietly decrypt many victims' files for free, saving millions in potential ransom payments. ....

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1 in 5 companies has suffered a ransomware attack, survey

The study on ransomware, conducted by cybersecurity experts at Hornetsecurity, also found that almost 1 in 10 ransomware victims paid the ransom. . ....

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Ransomware Disclosure Act Requires Victims to Report Ransom Payment

Ransomware Disclosure Act seeks to require victims to report any ransom payment made within 48 hours. ....

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Transcripts for CNN CNN Newsroom Live 20210606 08:38:00

Controls that just weren t in place that should have been there. then the cost here. i mean, when you have to pay the ransom, that s the debate now, right? to pay or not to pay. debate whether it should be illegal to pay up. i remember there was a study by one cybersecurity company, found that over half the ransomware victims pay the ransom, then only one-quarter see their full data returned. so even if you do pay, sounds like there s a good chance you don t get off lightly, it may not be worth it to pay. what s the right call here? right, so it s each individual organization has to make that decision for themselves. obviously as a security person, i recommend never paying the ransom. but it s not always just a security decision. but you re absolutely right. just because you ve paid the ransom doesn t mean your problems are over. your decrypter may not work. you may have to completely rewrite it. even then, even if everything works perfectly, you still have ....

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