Ransomware: who is being targeted, and should you pay the ransom?
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It is always a risk that a company will become a victim of a ransomware attack, and the consequences can be severe. What should victims do: lose business and not give in or a go for a quick fix by succumbing to the demands of offenders? Law enforcement generally advises against payment, business owners often prioritise the pecuniary imperative. But what are the principles that should govern decision making here? Should companies consider only their shareholders to the exclusion of their community, nation, or industry? What are the real consequences of paying or not paying? How should you pay? Can attackers be relied upon to fulfil their part of the bargain? Will paying render a victim an easy target? What happens in the real world? This webinar will discuss:
- What are the trends in offending and victimisation?
- When should you pay and when not?
- What are the best prevention/mitigation methods?
Guest Chair:
Michael Gips – Principal at Global Insights in Professional Security (US)
Panellists:
Luca Tenzi – International Security Consultant, Blusec SA (Switzerland)
Stevan Bernard – Senior Advisor, International SOS and former CSO at Sony Pictures (USA)
Terry Cutler – Founder of Cyology Labs and Internet Safety University (Canada)
A video and summary of this session is available here: https://www.theospas.com/2021/07/16/ransomware-who-is-being-targeted-and-should-you-pay-the-ransom/
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