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

Microsoft takes the pain out of updates

Microsoft takes the pain out of updates with checkpoint cumulative updates

Updates are a pain, right? Time consuming and disruptive. Not anymore… Here we tell you how Microsoft’s latest Windows 11 update is making things quicker and easier.

Here’s what’s in store for the last ever Windows ‘Moments’ update

Here’s what’s in store for the last ever Windows ‘Moments’ update

Microsoft will start to roll out its last Windows 11 ‘Moments’ update in a few weeks. After that it’s back to annual updates. We have all the details of the ‘Moments 5’ features you won’t want to miss. .

Point-to-point WiFi – How to extend your network across buildings without cables

No wires?  No problem!  Point-to-point Wireless Revolutionises Connectivity for Every Business In today's fast-paced digital world, having a reliable and extensive network is crucial for the success of any business. However, the physical limitations of laying down...
Reverse image search makes purchasing and marketing easier

Bing Visual Search makes purchasing and marketing easier

Think the Windows 11 Photo app has little use in your business? Visual Search with Bing is about to change that, with some very useful new functionality… Find out more here.

A laptop and tablet taking a backup

Two simple steps to protect your business data

Data is the lifeblood of most modern businesses.  From important proposals and presentations to a simple one-line email that is proof of something happening that you might need months later.  However, many small businesses are not taking the necessary steps and...
A person in a hoodie surrounded by green cipher text

3 Things You Must Do to Protect Against Ransomware

Ransomware is an increasingly common and devastating cyberattack that can happen to any business. The ransomware attacks that get the most media attention are those on high profile companies, but ransomware attacks on small businesses are increasing too. Many smaller...

Tech Tip: How to check if your device is compatible with Windows 11

Welcome to a new Tuesday tech tip video. In it, I will show you how to check if your device is compatible with Windows 11. With Microsoft's termination of support for Windows 10  in October 2025, it's crucial for business leaders to proactively plan for the transition...
Slow PCs? Manage which applications launch at startup

Slow PCs? Manage which applications launch at startup

Your PC might be frustratingly slow because too many applications are starting up when you hit the power button. Windows 11 has a new solution to tell you when new apps are added to your startup list. We have all the details.

How Copilot Wave 2 can boost your business

Imagine how different your business would be without Microsoft 365’s suite of apps and tools. It’s a business essential that makes everything easier. Now imagine these apps and tools could do more. Imagine they could summarise reports, documents, and meetings. Or...

Tech Tip: How to manage staff shifts using Teams

Welcome to a new Tuesday tech tip video where we will show you how you can manage your staff shifts from right within Microsoft Teams. The Microsoft Teams app has grown to become one of the most widely used productivity apps in the world, yet most people aren't even...
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