Points of View

Enterprise leaders have been funding cybercriminals for years, now stop!

Sep 6, 2019 Callum Moore

Ransomware certainly isn’t something newyou just have to look at the Wannacry attack on the UK’s National Health Service (NHS) and the SamSam attack on the City of Atlanta to prove it. However, despite its long history, it continues to succeed in costing the victims a pretty penny. Atlanta set aside more than $2.6 million for recovery efforts, and the UK government estimated that Wannacry cost the NHS £92 million! 

 

With ransomware’s lethality continuing to grow, industry leaders must look to themselves as part of the problem. The FBI estimates that ransomware payments have reached $1 billion per year, which means victims are putting money in the pocket of these criminals and funding their next attack. 

 

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