Cyber criminals are watching and waiting. Source: Unsplash/Matthew Henry

Finance
Dustin Brewer

Ransomware: Should you pay or not?

Authors
Dustin Brewer
4 minute Read

Ransomware is malicious hacking that holds your data and systems hostage, to force you to pay a ransom to the person/group which has control of your data.

As the frequency of attacks rise, the conversation is shifting towards whether companies should pay in a ransomware attack.

Unfortunately crippling cyber-assaults are taking place too frequently across the globe, with targets and outcomes getting more consequential and more threatening for our workforce and communities.

According to the State of Cybersecurity 2021 report from ISACA and HCL Technologies, 41% of Australian and New Zealand respondents reported an increase in cyber attacks on their organisation during the last year, and 62% expect that their organisation will experience a cyber attack in the twelve months ahead.

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