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Why Are Ransomware Hackers Giving Victims 7 Days?
Ransomware attacks have evolved significantly over the years. What initially began as a form of malware designed primarily to encrypt files and demand payment for their recovery has now developed into a much more aggressive cyber extortion model. Cyber-criminals are increasingly combining data theft, encryption, and additional extortion tactics to put greater pressure on victims. […]
Ransom should not be paid say Law Enforcement Agencies
Law enforcement agencies continue to advise organizations against paying ransoms demanded by cyber-criminals following ransomware attacks. Their position is based on the belief that paying attackers not only encourages further criminal activity but also offers no guarantee that encrypted files will be restored or that stolen data will not be leaked or sold. However, cybersecurity […]
When should we entertain the Ransom demands of Ransomware Hackers
Ransomware has emerged as one of the most disruptive cyber threats facing organizations today. By encrypting critical data and demanding payment for its release, cybercriminals place victims under immense operational, financial, and reputational pressure. In the aftermath of an attack, a difficult question often arises: should organizations entertain the ransom demands of ransomware hackers? In […]
Cybersecurity professionals are underpaid says new survey
A recent survey by Harvey Nash has highlighted a growing concern within the tech industry: many cybersecurity professionals feel they are being underpaid despite the critical nature of their work. According to the findings, wages in the cybersecurity field have largely stagnated over the past several years, even as the demand for skilled experts continues […]
Ransomware Payments surpassed $4.5 Billion says FinCEN Report
The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has issued an alarming report highlighting the continued surge in ransomware attacks, revealing that the total payments made to ransomware groups exceeded a staggering $4.5 billion by the end of 2024. This figure represents a dramatic increase in ransomware-related financial transactions, with a reported $1.1 billion […]
Research says that Ransomware Payments have declined across Australia
A new survey conducted by McGrathNicol in their 2025 Ransomware Report highlights a significant paradox in Australia’s battle against ransomware: while the frequency of ransomware attacks has increased, the willingness of Australian organizations to pay the ransom has notably decreased. The report, which draws insights from over 800 decision-makers in companies with 50 or more […]
Shiny Hunters ransom pay demand declined and instead CTO moves fund to research
In recent years, we’ve seen countless examples of organizations either agreeing to pay ransomware demands or firmly refusing to negotiate. But a new case has drawn attention for taking an unusually proactive approach. Instead of caving to the attackers’ demands, the CEO of a company targeted by ransomware decided to redirect the ransom amount toward […]
Three US Security Software employees indicted for spreading BlackCat Ransomware
In a significant development this week, the U.S. Department of Justice (DoJ) announced the indictment of three former employees of prominent security firms involved in the spread of the notorious BlackCat ransomware (also known as ALPHV). The three individuals, whose actions contributed to a wide-ranging cyber extortion scheme, were charged with cybercrimes spanning from May […]
Is Not Paying a Ransom in Ransomware Attacks Self-Harm to Companies?
Faced with a potentially catastrophic loss of business operations, data, and reputation, companies are often forced to make a gut-wrenching decision: should they pay the ransom or refuse to comply with the cybercriminals’ demands? The question many ask is: Is not paying the ransom a form of self-harm for companies, or is it a wise […]
Over 80% of Ransomware Victims Pay Up, Says Insurance Survey Report
Ransomware attacks have become a major concern for businesses and organizations worldwide. Law enforcement agencies consistently urge victims not to pay the ransom demanded by cybercriminals, as doing so only fuels further criminal activity and offers no guarantees of actually receiving a working decryption key. The risk remains that paying may not resolve the issue […]
