Inside Cybersecurity

July 2, 2020

Daily News

Insurance executive rebukes claims firms are propagating attacks by paying ransomware demands

October 4, 2019 |
Mariam Baksh

A leading cyber insurance figure is dismissing an idea being underscored in policy spheres, including by CISA officials, that enabling entities’ payment of ransomware demands could actually be perpetuating such attacks.

Cybersecurity and Infrastructure Security Agency Director Christopher Krebs and FBI officials have advised companies and state and local governments against paying the ransoms criminals demand in exchange for keys to decrypt data their malware scrambles, as it emboldens them to target other organizations, creating an ever more lucrative...

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