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RANSOMWARE: Never Pay a Ransom to Cyber Criminals! - Analysis
Posted by Iain Fraser - Cybersecurity Journalist
https://Blog.IainFraser.net
No matter how darning that advice is from the ICO (Information Commissioners Office) and the NCSC (National Cyber Security Centre) law enforcement has tried to get the message through to us all for decades. But when faced with your sensitive corporate data or intellectual property having been maliciously encrypted it is hard to break the almost "knee-jerk" reaction to pay the Cyber criminals, get our data back and tighten our security protocols once our valuable data has been restored.
The simple message in this memo to the Law Society in joint-drafted advice from John Edwards - UK Information Commissioner and Lindy Cameron Chief Executive Officer National Cyber Security Centre is NEVER PAY RANSOMWARE!
The cost of cyber crime is estimated to be in the billions. The Economic and Social Costs of Crime report estimated an overall cost of £1.1bn from computer misuse incidents against individuals in England and Wales in the 2015/16 financial year. However, this is a partial estimate only. Crucially, this does not include the cost to businesses which are thought to bear the majority of the cyber crime costs, meaning the true cost from cyber crime will be much higher.
As the regulator of the security principle the ICO has recently published its updated RANSOMWARE GUIDANCE 1 This sets out an up-to-date view of the common ransomware compliance issues including what you should do if you receive an offer to make a payment. The NCSC website has a RANSOMWARE HUB 2 which sets out all its guidance in one place.
About ICO
The ICO is the UK's independent body set up to uphold information rights. Find out more about our organisation and structure. Learn More /...
About NCSC
The NCSC (National Cyber Security Centre) supports the most critical organisations in the UK, the wider public sector, industry, SMEs as well as the general public. When incidents do occur, they provide effective incident response to minimise harm to the UK, help with recovery, and learn lessons for the future. Learn More /...
About Iain Fraser - Cybersecurity Journalist
Google Ranked Number 1 Cybersecurity Journalist, Blog Voted Top 40 (33) Cybersecurity News Websites Globally in 2021 for Information Security by Feedspot. Iain Fraser Cybersecurity Journalist, Commentator & PR Consultant, Gibraltar
Iain Fraser Cybersecurity Journalist, Commentator & PR Consultant - Gibraltar (Accredited Member of NUJ, IFJ and ONA) and European Authority Writer & Corporate Lecturer. I have authored over 2,000 blog posts on all aspects of Cybersecurity Awareness, Threat Management & Best Practice Mitigation as well as covering Geopolitics, Geocrime & Terrorism issues.
On LinkedIn: LinkedIn/IainFraserJournalist
On Twitter: @TheIainFraser/Twitter
Email Me: Click to send me an email
For my roundup of the latest Cybersecurity News, Breaches, Privacy Protocols and Mitigation - Log on to my Blog at https://Blog.IainFraser.net. If your organisation needs Definitive, Authoritative & Reliable Cybersecurity Content and Bespoke Articles then we should talk!
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