Should Companies Pay Up to Deal With a Ransomware Attack?

The COVID-19 pandemic inevitably brought unprecedented levels of disruption to businesses all around the world. Lockdowns and quarantines have forced companies to transfer their operations from on-premises activities to remote work. While this has ensured that businesses continued to keep running, many companies were not equipped for this sudden change.

Companies with the most responsive and forward-thinking leadership would already put in place a plan that would not only address a security problem when it happens but will also have a plan that will prevent it from happening.In July 2021, a ransomware attack was initiated by the Russia-based ransomware group called REvil. This attack affected the networks of approximately 200 companies.

An analysis should also be brought into effect to determine the maximum allowable downtime for these functions that will not drastically affect the company’s business. Having a recovery point and recovery time objectives are also equally important.One topic that is often discussed when it comes to ransomware attacks is whether an organization should pay the ransom.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Streamflation Is Here and Media Companies Are Betting You’ll Pay UpPrice push by Disney, others is part of effort to trim losses, steer users toward more-lucrative ad-supported plans.
Source: WSJ - 🏆 98. / 63 Read more »

The best debt relief companies to help you pay off debt in 2023The best debt relief companies can help you pay off debt by negotiating what you owe. But they can also have some cons. Here's what you need to know.
Source: CNBC - 🏆 12. / 72 Read more »

Which companies will use Tesla's NACS charging connector?Carmakers are moving to the Tesla NACS charging connector, at least in the U.S. Here's a complete list of all the companies that are switching so far.
Source: DigitalTrends - 🏆 95. / 65 Read more »

Witnesses of Buffalo mass shooting file rare lawsuit against social media and gun companiesSixteen people who witnessed a gunman open fire on a Tops grocery store in Buffalo, New York — but avoided critical injuries — sued Tuesday over the trauma they endured.
Source: NBCNews - 🏆 10. / 86 Read more »

Buffalo shooting survivors say social media companies and a body armor maker enabled the killerA pair of lawsuits claim social media companies and a body armor manufacturer enabled the gunman who killed 10 Black people in a racist attack at a Buffalo, New York, supermarket.
Source: AP - 🏆 728. / 51 Read more »