More companies are choosing to pay the ransom demanded by cybercriminals in data breaches that steal your personal information. But does it work?
Lance said he's helped thousands of businesses, governments and non-profits negotiate ransom when businesses and their information are held hostage. His firm'ssays that there have been almost 2,200 ransomware attacks on businesses nationwide, so far this year. . Lurie Children's said that some patient information like medical conditions and social security numbers were impacted. However, in this case they did not pay the ransom.
He added that large cybercriminal organizations that target big businesses typically agree to the terms of the ransom to protect their reputations, but scammers targeting individuals will likely not keep their word and ask for even more money.