Ransom Payments news and trends

Australia Eyes Ban on Paying Ransoms to Hackers
Security & Fraud // November 13, 2022

Australia could consider barring businesses from making ransomware payments to criminals, the country’s cyber security minister said Sunday (Nov. 13). “The idea that we’re going to trust these people to delete data that they have taken off and may have copied a million times is...

Quick Reads
Experts Reconsider Banning Ransom Payments as Ransomware Attacks Surge

October 25, 2023
Ransomware attacks have surged this year, despite efforts to curb them. As a result, experts are now reconsidering the idea of banning ransom payments altogether, Bloomberg reported Wednesday (Oct. 25). Ransomware payments have reached nearly $500 million through September, marking a 50% increase compared to the same period last year, according to the report, which cited data […]

Australia Eyes Ban on Paying Ransoms to Hackers

November 13, 2022
Australia could consider barring businesses from making ransomware payments to criminals, the country’s cyber security minister said Sunday (Nov. 13). “The idea that we’re going to trust these people to...