These attacks have given the public the opportunity to examine the problems associated with ransomware, where corporations -- not obligated to disclose these attacks -- have mostly handled them behind closed doors.
These issues include the moral objections to paying off criminals, the practical risks of not paying and the lack of federal support to help mitigate risk.Ransomware was little known before 2014, when some of the first, very rough versions of the malicious software began circulating more widely through corporations. It took criminal organizations about a year to refine their approach and make the attack style ubiquitous across corporations.
Arranz said the $600,000 paid by Riviera Beach was a lot, but that six-figure ransoms are not uncommon. There even have been rumors of seven-figure payouts in recent years, she said, but only one confirmed case: a South Korean"The companies that are paying the ransom amount, if they don't pay for it, that information is lost forever," she said. "Therefore, it's money well spent.
Companies have strong incentives to keep the attacks private. At best, any organization that pays a ransom or negotiates with those making demands is dealing with criminals. At worst, they could be making a blind payoff to a rogue nation-state like North Korea or a terrorist group. The FBI has traditionally givenBut if organizations don't pay, they're betting that customers will stick around through days or weeks of downtime while they rebuild, Orlando said.
This isn't the case with ransomware, as Atlanta Mayor Keisha Bottoms discovered when Atlanta was hit by a ransom attack in March 2018. The incident has so far cost the city $7.2 million, including a $52,000 ransom demand, she told Congress on Tuesday. "The federal government should ... expand programs that share real-time threat information, which is often critical in avoiding and mitigating threats. We should also have federal programs in place to provide cybersecurity disaster-relief funding. This will help offset recovery costs borne locally," Bottoms said.
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