Paying ransomware is financing crime

Ransomware attacks have dominated the headlines over the last two years and will continue to control the cybersecurity agenda going into 2023.

While ransomware gangs continue to be successful in extorting money from businesses, those that do pay demands are financing the ransomware industry and further crime.

With increasing attacks on areas like critical infrastructure and healthcare, it’s now become more than just a business issue.

So how did we get here, what are the implications beyond the business world, and what do organisations need to do to break the cycle?

This article has been partially republished from IOL under a Creative Commons license. Read more : the original article.

About the Author

Edwin Weijdema

is a Global Technologist at Veeam

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