Paying up creates new problems. By Emily Chantiri on Jul 05 2021 08:18 AM Print article
There are no guarantees when you pay ransomware. Image: Shutterstock
In a recent statement to the press, ANZ’s Bank chief information security officer, Lynwen Connick warned organisations against paying ransoms to hackers, saying the payments only lead to more attacks.
The statement came off the back of two international high profile cyber-attacks.
Connick referred to the incidents involving the meat-processing company JBS and USA Georgia-based Colonial Pipeline, both of which ended in multi-million ransoms being paid to hackers after they froze computer systems and brought their respective operations to a halt.
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things with economic sanctions, you put pressure on us, and then we have ways to push back against you. so this seems to me this is not simply when we move to all out competition on confrontation with russia, it is a shot across our bow saying you hurt us, you can hurt us with economic sanctions, there are things we can do to disrupt the american economy and society. again, this is a whole area of international relations where there are fewer rules than any other area, whether nuclear, conventional warfare. when it comes to cyber, it is the wild west. a lot of people with the equivalent of guns. there s no sheriff, no rule of law. it is in some ways the most frightening area of international relations today. and makes it all the more crazy that vladimir putin and donald trump would have a cyber security committee to discuss this, discussing cyber security with the russians is like discussing beheadings with isis.
meddling in the upcoming election which our intel chiefs say they are planning to do. you are on the cyber security committee. what s being done to stop that meddling? well, i was able to procure about $380 million in the 18 budget to restore our election infrastructure. unfortunately, my colleagues across the aisle have zeroed that out. we probably need more like $3.5 billion to protect our election infrastructure. and why would they zero that out? why weren t they interested in paying that money? i think because the president of the united states says this is a witch-hunt and a hoax and he keeps reaffirming what the russians are saying that they didn t meddle. i would responsibility to them, this could easily have been a democratic target or remember target. the fact is they hacked into somewhere between 20 and 39 states board of election beginning with my own state s
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