June 19, 2023

Do businesses still pay for ransomware attacks?

Ransomware attacks are growing at an alarming rate threatening enterprises around the world. According to recent research of global IT professionals conducted in 2022 by Statista, 72% of respondents paid a ransom to recover their stolen data. But paying attackers to access your information is not a data protection strategy. It also creates a vicious circle and does not guarantee that businesses will regain their systems or sensitive data.

In 2020, The U.S. Department of the Office of Foreign Assets Control announced that paying ransom to cyber attackers is illegal.

So, do businesses still pay for ransomware attacks? 

So, what are the differences between stateful and stateless firewalls?

You may also be interested in:

• What is the nature of cyber threats in the metaverse?
• The ransomware decision: to pay or not to pay?
• How to keep business-critical applications safe from ransomware

News roundup Mon, Jun 19, 2023

Stories, news, politics and events impacting the network security industry during the last week.

• Clop ransomware gang begins push to extort victims of MOVEit hack
• VMware zero-day exploited by savvy Chinese state threat actors
• CISA releases in-depth joint security advisory regarding LockBit ransomware
• Threat actors are targeting cybersecurity researchers with fake zero-day PoC exploits
• DoubleFinger loader infects victims with crypto-stealing malware through PNG image
• Threat actors using BatCloak to make malware impossible to detect
• Huge phishing campaign using aged sites to avoid detection
• Hackers impersonate journalists to steal crypto from high-profile targets via Discord
• Fortinet issues critical firmware update for Fortigate SSL-VPN devices
• Read more

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