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Paying Ransom to Hackers

Posted on in Cyber Crime

b2ap3_thumbnail_shutterstock_302508602.jpgBusinesses of all sizes dedicate considerable resources every year to develop, secure and defend their computer network. Software companies constantly introduce new firewalls and other anti-virus programs to fight off illegal breaches. Despite best efforts, network hacking continues making headlines and compromising sensitive information.

Giving In To Hackers’ Demands

In what has become a widely publicized case of hacking, that seems to feature the release of new details on what feels like a weekly basis, ride-sharing giant Uber acknowledged that it paid hackers $100,000 to delete the data they stole in 2016. The personal information of nearly 57 million Uber drivers and riders was accessed illegally by two, yet-to-be-identified electronic thieves.

It turns out that a number of Hollywood-based entertainment organizations and  agencies have been targeted by hackers threatening to disrupt business, steal and release previously unreleased movies or online series episodes, and perpetrate other nefarious acts. Some of these victims have weighed the value of the information targeted against the cost of the ransom demand and decided that long-term revenues far outweigh a one-time payout.

However, cybersecurity experts, as well as the Federal Bureau of Investigations (FBI), have recommended against the practice of giving in to the demands of hackers. While stating it is a matter of principle, experts point to other details that make their case. For example:

  • This past year nearly 60 percent of Australian companies were victims of hacking. Of those companies, 57 percent paid the ransom, but nearly a third of those who paid DID NOT recover the stolen data after paying.

In addition, a number of international organizations and law enforcement agencies have joined the side of not paying, stating that bowing to ransom demands does not guarantee a solution. Most advocate for cyber vigilance, and support of ongoing software development to detect and prevent future hacking attempts.

Protect Your Online Activity with Help From a Knowledgeable Tampa Cyber Law Attorney

It is common for any person or business owner to be unsure of the proper steps to take after hackers have compromised their computer network and the data stored there. Anger, confusion and even fear can cause someone to take action that, upon review, may not prove to be the most beneficial. Rely on the specific knowledge and experience of a Florida cyber law and digital torts attorney. Nelson Cyber Law, PLLC provides precise advice and knowledge of applicable state and federal laws to help clients pursue the justice to which they are entitled. Please call 800-440-5536 and they will help you schedule a free initial consultation to discuss details of your case.

 

Sources:

https://www.theguardian.com/technology/2017/may/15/dont-pay-ransomware-demands-cybersecurity-experts-say-wannacry

https://www.hollywoodreporter.com/news/fbi-gives-hollywood-hacking-victims-surprising-advice-pay-ransom-1001515

https://www.forbes.com/sites/janetwburns/2017/11/21/uber-we-paid-hackers-100k-to-delete-info-on-57-million-users-last-year/

http://www.chicagotribune.com/bluesky/technology/ct-uber-cyberattack-20171121-story.html

 

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