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Don’t Pay Ransoms, UK Government and Privacy Watchdog Urge

11
Jul
2022
Don’t Pay Ransoms, UK Government and Privacy Watchdog Urge

image credit: pixabay

“Never pay ransomware.” That message remains unchanged since extortionists began pummeling organizations worldwide with demands for digital coins in exchange for reverting maliciously encrypted data.

It doesn’t appear to have landed. As blockchain intelligence firm Chainalysis reports, victims last year paid out cryptocurrency worth more than $600 million to ransomware-wielding gangs. Clearly, ransomware remains a tidy moneymaker for the criminally inclined.

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