Paying Ransomware: The Shocking Truth Behind Data Recovery Failures
Paying ransomware demands often leaves businesses out of luck, as only 7% of victims regain their encrypted data. Most end up with empty pockets and no data, while hackers bask in their ill-gotten gains. Experts suggest insurance policies should ban ransom payments, encouraging victims to report attacks instead.
Hot Take:
Why pay for ransomware when you can just lose your data for free? Turns out, paying cybercriminals is like trying to buy back your soul from a very unreliable devil—7% success rate? I like those odds about as much as I like pineapple on pizza. Maybe it’s time for a new strategy like, I don’t know, not paying the bad guys?
Key Points:
- Only 7% of ransomware payers successfully retrieve their data.
- Cybercriminals often don’t honor ransom agreements after payment.
- Paying ransoms emboldens attackers to continue their activities.
- Experts suggest insurance policies should prohibit ransom payments.
- The Synnovis attack on NHS caused significant patient harm and delays.
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