The ransomware dilemma: Is paying up a good idea?

By Sanjay Katkar, Quick Heal Technologies

The ongoing fight against ransomware attacks and the cyber criminals perpetuating this menace is more than a full-time job. In a cyber world without boundaries, ransomware has become a worldwide problem where no organization is immune to victimization.

According to some security experts, the first known reports of ransomware attacks took place in Russia in 2005. Over the past 10 years, these attacks have spread to all corners of the globe, successfully targeting hundreds of thousands of business systems and home PCs. And, the effects are mounting: the FBI reported ransomware-driven losses of $18 million over a 15-month period in 2014 and 2015.   Continue reading → 

http://www.securitymagazine.com/articles/87431-the-ransomware-dilemma-is-paying-up-a-good-idea

Sanjay Katkar is the Co-Founder and Chief Technical Officer of Quick Heal Technologiesa leading global provider of IT security solutions. He holds bachelor’s and master’s degrees in computer science from University of Pune, India.

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