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60 Minutes on Ransomware

While I’m glad this issue is gaining national attention, this piece was very defeatist. Companies wouldn’t accept a thief walking in and taking tens of thousands of dollars from the register. Yet because a computer is involved, the expectation is to comply?


I do agree and have also referred to these attacks as the worst day of an executive’s personal life.


There are measures to prevent and protect against this crime. Atlanta’s $20MM bill has not just data recovery costs. It also involves modernizing their very large IT infrastructure, that had been neglected, to prevent future attacks.

Taking a proactive approach to digital attack will always be more cost efficient than a reactive one. Proactive allows for budgeting and planning as opposed to depleting cash reserves to overcome a major business disruption.


Paying merely emboldens these criminals to continue with these campaigns. Not determining root causes and remediating the vulnerability only leaves companies susceptible to ongoing attacks.


#ransomware #60minutes


https://www-cbsnews-com.cdn.ampproject.org/c/s/www.cbsnews.com/amp/news/ransomware-how-cybercriminals-hold-data-hostage-why-the-best-solution-is-often-paying-a-ransom-60-minutes-2019-08-25/

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