Ransomware Payment
Can we get loan to pay ransom in ransomware attacks
Nope, says a renowned international bank from UK. Instead, the ransom pay can be covered from a cyber insurance policy, provided it is taken prior to the launch of the attack and covers the costs associated with the malware attack. Moreover, paying a ransom in a ransomware attack is generally discouraged for several reasons: No […]
Ransomware payments doubled in 2020
Ransomware payments have doubled in the year 2020 says insurance specialist Beazley PLC and most of the payments were done in the last 6 months of this year, i.e. after the Corona Virus Pandemic lock down has started. The highlight of Beazley Breach Insights 2020 says that the attacks turned more complex after encrypting the […]
Cybersecurity firm offers official Ransomware Negotiation Service
While FBI is urging ransomware victims not to pay any ransom to hackers as it encourages crime, a Cybersecurity firm from Virginia says that it will offer a ransomware consultation and negotiation service on an official note to deal with a situation. GroupSense, a threat intelligence company based in Arlington County of VA is offering […]
