Australian businesses will continue making ransomware payments while it makes business sense, but the government’s move to force disclosure of the payments will eventually help arrest the current growth in attacks, according to global cyber firm Arctic Wolf.
“Unfortunately, there are circumstances especially in the mid-market or the SMB [market], where the viewpoint of those organisations is how much time and energy and resource am I going to have to put in, versus paying the ransom,” Arctic Wolf chief executive Nick Schneider says.
“And sometimes the math just equates to paying the ransom and moving on.”
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