To pay or not to pay? Here are some insights into how some organisations are responding to Ransomware.
Companies in Australia and New Zealand are better preparing themselves for attacks by cybercriminal gangs, leading to a drop in successful extortion demands. The CyberCX DFIR Year in Review report for 2023 found that ransom payments fell 50 per cent, based on a sample of 100 major incidents last year. Hamish Krebs, Executive Director of Digital Forensics and Incident Response, said a growing understanding of ransomware and hardening of defences against attacks to reduce their severity is playing a major role. Cybercriminal gangs use ransomware try to overwhelm companies, so they’re “dead in the water”, giving them no option but to pay a ransom, and quickly, Hamish said. Read Hamish’s full interview with The Australian Financial Review here: https://lnkd.in/dV_cc8DM