You cannot negotiate your way out of ransomware problems

Research into 461 ransomware incidents and 237 negotiations shows that technical resilience is more important than negotiation tactics. Victims with fully recoverable backups negotiate and pay significantly less often. In only 18.3% of incidents without communication was a payment made, compared to 66.7% when victims actually started negotiating. An offered discount increases the chance of … Read more

Ransomware pandemic gets AXA

Cyberinsurance giant AXA said that it would no longer be writing policies to cover ransomware payments. Now AXA in Thailand, Malaysia, Hong Kong, and the Phillippines have reportedly been hit… by a ransomware attack. The ransomware gang posted on its website over the weekend that it had stolen 3 terabytes worth of data, including: customers’ … Read more