PANEL 2: Ransomware: To Pay or Not Pay - That is the Question! presented at CyberSecuritySummitDenver 2018

by Lucia Milica, Maruf Ahmed, Cynthia Wright,

Summary : Ransomware sales have increased by over 1,400% over the last two years. The impact of ransomware, destructive malware and related attacks is growing globally as the statistics illustrate. This panel addresses the question of whether your company should pay the cyber criminals with the fact that you may not retrieve your data regardless. Best practices including continually backing up your critical files to multiple locations including the cloud, the use of decryption tools when your assets are held for ransom, keeping your security software up to date and training the employees about the dangers of opening the wrong attachment or link.