Security News > 2021 > March > Should you pay up when hit by ransomware? There are several things to consider first
Whether to pay ransom in order to unlock hijacked data or stop a Distributed Denial of Service attack is a hot topic right now.
What to consider when deciding whether to pay a ransomware demand.
"The decision to pay a ransomware demand must be made carefully, with acknowledgement and acceptance of risks and in concert with various stakeholders: Legal counsel, law enforcement, cyberinsurance carrier, and security experts," wrote Kris Lovejoy, global advisory cybersecurity leader at Ernst & Young Global Limited, in her EY.com article Ransomware: To pay or not to pay.
Decide when, how and under what conditions the decision to pay or not pay would be made.
Lovejoy suggested using exercises that simulate potential ransomware incidents, and testing whether decisions made during the exercise would work if an actual ransomware event occurs.
Whether you decide to pay or not, it will take time to return to normal business operations.