Hit by ransomware? Make sure you don’t make this first obvious mistake

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Danny Palmer

By

Danny Palmer

| November 24, 2021

| Topic: Security

Inside a ransomware gang: Beware these aggressive tactics

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Organisations that fall victim to a ransomware attack shouldn’t let the cyber criminals know they have cyber insurance – because if the attackers know that their victim holds an insurance policy, they’re more likely to outright demand the ransom payment in full.

Cybersecurity researchers at Fox-IT, part of NCC Group, examined over 700 negotiations between ransomware attackers and ransomware victims in order to analyse the economics behind the digital extortion attacks that demand a ransom payment – often millions of dollar in Bitcoin – in exchange for the decryption key.

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