Intellectual property files<\/li>\n<\/ul>\n\u201cThe third party that we spoke to that were acting as our agent between us and the hackers. They said, \u2018This is strange. You don\u2019t really have anything they can hold over your head other than just stopping your business.\u2019 But we engaged them quickly,\u201d the ransomware victim reportedly said. \u201cIronically, they worked straight through on a Sunday to help us and by Monday morning we were in full agreement, and they began the conversation with the hacker group to see what we could get done.\u201d<\/p>\n
The third-party negotiated the ransom of $400,000 down to $150,000 in what took on the appearance of a corporate contract negotiation. The process revealed that some hackers conduct themselves like ordinary businesspeople. An encryption code was delivered, luckily, and this criminal outfit even offered tech support to the victimized company if they ran into problems getting computers back online.<\/p>\n
\u201cYeah. I mean, if anything has made me laugh about this whole situation is that it\u2019s just the selective morality of, \u2018Hey, we know we\u2019ve robbed you of money and your files and held you at our whim, but by the way, we\u2019re here to help 1-800 \u2026\u2019 It\u2019s unbelievable,\u201d the victim reportedly said.<\/p>\n
The Tech Republic\u2019s microcosm looks at why organizations pay ransomware demands points out that some are overly reliant on their network. Failure to have a go-to backup system or secure digital assets that can be leveraged leaves industry leaders with a hard choice. Either pay up or sustain even greater financial losses. Bitcoin payouts are the hidden cost of subpar cybersecurity<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"
$150K Ransomware Payment A recent news piece published by Tech Republic highlights the discouraging reasons why too many businesses fall prey to hackers and pay ransoms for their digital property. Perhaps nothing adds insult to injury quite like someone burglarizing your organization and then making you pay for their crime. A recent $150,000 ransom paid…<\/p>\n","protected":false},"author":5,"featured_media":159359,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[8],"tags":[64],"class_list":["post-179683","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-techbytes"],"acf":[],"yoast_head":"\nWhat Does $150K Ransomware Payment Say About Your Cybersecurity? - IT Services in Virginia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ntegrait.com\/what-does-150k-ransomware-payment-say-about-your-cybersecurity\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What Does $150K Ransomware Payment Say About Your Cybersecurity? - IT Services in Virginia\" \/>\n<meta property=\"og:description\" content=\"$150K Ransomware Payment A recent news piece published by Tech Republic highlights the discouraging reasons why too many businesses fall prey to hackers and pay ransoms for their digital property. 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