Best Practices For Reporting Ransomware Attacks
Search Security, Tuesday, August 8,2023
Organizations must decide whether to report ransomware incidents to the authorities and disclose them to the public. Experts weigh in on the options and best practices.
Ransomware isn't going anywhere given how lucrative it continues to be for attackers. The average ransomware payment in 2023 increased to more than $1.5 million according to the Sophos "State of Ransomware 2023" report -- nearly double what it was in 2022 ($812,380).
Because ransomware attacks are so common -- the Verizon "2023 Data Breach Investigations Report" found ransomware accounts for 24% of all breaches -- it's important for organizations to decide what they're going to do if they do become a victim of an attack. This includes whether to pay the ransom as well as whether to report the attack to the authorities.