Security News > 2024 > July > Ransomware Attacks Are Attracting Record Payouts in Australia. Should You Pay the Ransom?
Theoretically, the threat of ransomware would be more of a costly irritant than a catastrophe; the idea being that if you pay the ransom, the problem goes away.
Research from McGrathNicol Advisory found that 73% of Australian organisations that experienced a ransomware attack in the past five years chose to pay the ransom.
More Australia coverage Why Australia will likely legislate to outlaw ransomware payments.
The point is that with increased scrutiny and a desire to crack down on ransomware payments, organisations should be looking for alternative ways to handle ransomware payments.
Despite the many high-profile cases of breaches and successful ransomware attacks in Australia in recent years, preparedness is still low - and organisations are still feeling pressure to pay the ransom.
At the same time, the organisation should develop a backup strategy that includes an air-gapped version to reduce the risk of backups being compromised by a successful ransomware attack.
News URL
https://www.techrepublic.com/article/should-you-pay-ransom-ransomware-attack-australia/
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