Computer viruses have come a long way, closely following the rise of technology worldwide. Ransomware is a type of virus that allows a hacker to hold a computer hostage until a ransom payment is made. Multi-billion dollar companies have been brought to their knees as a result of ransomware demands in recent years. However, paying ransom fees isn’t the best solution.
Should We Pay The Ransom?
At least one obvious reason not to pay the demanded ransom is there’s no guarantee the hacker will follow through and release the infected computer. These cybercriminals always ask for cryptocurrency as payment, further complicating the issue. Here are some more reasons to never pay a ransomware demand:
- Enforces Recurring Ransoms
- Civil Penalties and Fines
- Recovered Data Could Become Permanently Broken
Be aware that paying off the hackers could land you and your company in some hot water. The U.S. Office of Foreign Assets Control frowns upon paying ransoms so much that they will fine companies in certain situations if they pay ransoms.
Defending Against Ransomware
Having a robust security system for you and your company’s data is crucial. Many companies are relying on the security of clouds set up by big outfits, such as Microsoft, Amazon, and Google because these companies are vigilant about cyber security.
Ransomeware is not something you ever want to deal with on your personal devices or at your business. If you encounter this problem, remember that paying the ransom isn’t the best option.