The ransomware dilemma the decision on whether to pay up when cybercriminals hold data hostage is shaped by choices leaders made long before an attack

Ransomware has become a global scourge, as gangs of cybercriminals use malware to encrypt victims' data and extort payment as a condition of restoring access. The majority of business leaders who fall prey to the tactic are unprepared for the scenario and wind up paying the ransom. The authors...

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Bibliographic Details
Main Authors: Leo, Philipp, Isik, Öykü (Author), Muhly, Fabian (Author)
Format: eBook
Language:English
Published: [Place of publication not identified] MIT Sloan Management Review 2022
Edition:[First edition]
Subjects:
Online Access:
Collection: O'Reilly - Collection details see MPG.ReNa
Description
Summary:Ransomware has become a global scourge, as gangs of cybercriminals use malware to encrypt victims' data and extort payment as a condition of restoring access. The majority of business leaders who fall prey to the tactic are unprepared for the scenario and wind up paying the ransom. The authors suggest a more considered approach to that decision and walk readers through six questions that can illuminate their options and inform their choices
Item Description:"Reprint 63419."
Physical Description:5 pages