Research has shown that payments to threat actors, demanded by ransomware, has dropped, but the double action of stealing the data and threatening exposure and encrypting that data at source is increasing:
Ransom payments fall as fewer victims choose to pay hackers (bleepingcomputer.com)
This next story wasn’t really surprising, that businesses who have been hit by ransomware and have incurred costs, than pass these onto their clients. Data breaches are expensive and adds to a business’s costs and so add to the cost of production – investors still want the profits, hence prices go up. Economics 101.
Cost of a Data Breach Report 2022 | IBM
However raising your costs to cover a data breach can mean losing your clients!
Go and read IBM’s Cost of a Data Breach Report , but the form you have to fill in to get access is not UKGDPR compliant.
Clive Catton MSc (Cyber Security) – by-line and other articles
Further Reading
NCSC and the ICO say – Don’t pay the malware ransom – Smart Thinking Solutions
Please Note:
I am on leave so the news this week is “in brief”. You can still contact me via the contact page and Octagon Technology.
