As ransomware threats grow, organizations must carefully navigate their response options, including negotiating with attackers, paying ransoms, or restoring systems from backups. Firms are increasingly relying on cyber insurance, which often assigns a negotiator to assist with the process. Even if a ransom is paid, thorough system checks are essential to eliminate residual malware. Less than a quarter of companies opted to handle ransomware incidents independently last year, highlighting the need for expert guidance in this complex landscape.
"I believe less than a quarter of the organizations last year that we assisted ended up going on their own and settling with the threat actor."
"Insurance companies are spending a lot of time and effort examining the ransomware ecosystems because they are having to pay out increasingly large sums as the ransomware plague spreads."
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