Which ransomware payment option is best? (Hint: none) • Blisstech Solutions

Picture this: Your business gets hit by a ransomware attack, and your valuable data is locked away by cyber criminals demanding a huge ransom fee.

You can’t afford to pay it. But there’s a twist – just like those “buy now, pay later” schemes, some ransomware gangs are offering victims payment extension options.

Recent research reveals that ransomware groups are getting creative with their extortion strategies. One group is even offering victims various choices when it comes to their ransom demands. These “choices” include:

Paying to delay the publication of their stolen data, with a standard fee of $10,000… or paying to have their stolen data deleted before it’s made public.

The exact amounts charged are often negotiated with victims, adding a chilling dimension to the whole ordeal.

These ransomware groups have added some terrifying features to their websites to increase the pressure on victims. These include countdown timers displaying how long businesses have before their data is released, view counters, and even tags revealing the victim’s identity and description.

It’s all designed to make victims feel cornered and more likely to give in to the demands.

You might be tempted to pay that ransom to protect your business data. Not so fast. Paying is always a bad idea, and here’s why…

Paying doesn’t guarantee that you’ll get your data back or that the cyber criminals won’t demand more money later.

By paying, you’re essentially funding criminal activities, encouraging them to continue their attacks on others.

Paying a ransom might even get you into legal trouble, as some governments have made it illegal to pay cybercriminals.

So, how can you safeguard your business from falling victim to ransomware?

Paying cyber criminals rarely makes things better, and businesses that do pay repeatedly become targets.

Instead, invest in the proactive measures above to help you stay secure. And if we can help you with that, get in touch.

More Content

Say goodbye to video call pop-ups (and Teams meeting blushes)

Say goodbye to video call pop-ups (and Teams meeting blushes)

Has a pop-up notification ever embarrassed you while you were on a video call? Microsoft may finally have a feature to stop that happening. Learn more here.

How to get the most from Microsoft Teams

Is your business struggling with too many emails, lost files, and “final_final_v3” documents? Teams could be a game changer. Yep, it does more than just video calls.  For example, you can also: Chat with your employees Host webinars Share and edit files together Keep...

How to choose the correct hardware for your business

Do you know how to choose the correct hardware for business? Slow isn’t often a word you want to associate with your business. But when your hardware isn’t performing, you’ll hear it a lot. Complaints about PCs, your internet connection, even your network. Not only is...
New! A better way to find Chrome extensions

New! A better way to find Chrome extensions

The Chrome Web Store’s been given a massive makeover, and it’s all about making your team’s life easier. We have all the details.

The secrets to make your laptop battery live longer

The secrets to make your laptop battery live longer

Ever been caught out by a low laptop battery at the worst possible time? Here’s our professional advice to prolong your laptop battery’s lifespan.

Why setting up Facebook Wi-Fi for your business is a good idea

Setting up Facebook Wi-Fi for your business is a great way to increase customer engagement and loyalty. When customers connect to your guest Wi-Fi they can check in to your business on Facebook to gain access rather than entering a WiFi code. This allows them to stay...
1 in 4 people struggle with password overload. Here’s the answer

1 in 4 people struggle with password managment. Here’s the answer

Struggling from password overload? You’re not alone, and it’s putting your business at risk of data theft. Good news: There’s a very simple solution and we’ll tell you all about it.

Criminals are exploiting AI to create more convincing scams

One of the many cool things about the new wave of Artificial Intelligence tools is their ability to sound convincingly human. AI chatbots can be prompted to generate text that you’d never know was written by a robot. And they can keep producing it – quickly, and with minimal human intervention. So it’s no surprise that cyber criminals have been…

Tech Tip: How to share files securely in Teams

Welcome to a new Tuesday tech tip video where we will be exploring how to share files securely with people outside of your organisation using Microsoft 365 and Teams. Microsoft Teams is a powerful tool that allows for seamless collaboration and communication within an...
Security alert: Does your business have old logins for ex-staff?

Security Review: Does your business have old logins for ex-staff?

What’s easy to overlook but could leave your business open to cyber attacks? Unused logins. Yep, something as simple as failing to delete an old account could have serious costs for your business…

Share This
Contact
Love Lane
Cleobury Mortimer
Shropshire DY14 8PE

01299 382 321
[email protected]
Copyright © 2024 Blisstech Solution Ltd
Registered No: 08125391 VAT No : 307 5490 05