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Why companies shouldn't pay ransomware | Information Age


Paying up creates new problems.
By Emily Chantiri on Jul 05 2021 08:18 AM
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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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