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Ransomware: To Pay or Not to Pay?

10/19/2021

 
Picture
​​By District Attorney Summer Stephan
Ransomware is a massive problem that doesn’t just affect corporations. It’s also a danger to ordinary citizens and government entities. Ransomware locks out the rightful user of a computer or computer network and holds the information hostage until the victim pays a fee. Hackers are also known for threatening to leak sensitive information to get victims to meet their demands.

​You’ve heard these stories in the news recently, such as the Colonial Pipeline hack, which disrupted a major supply of fuel to the East Coast for about a week in May. The corporation admittedly paid more than $4 million in bitcoin to the criminal hacker group, much of which was recovered by the Department of Justice.

When it comes to getting hacked, many people want to know: should you pay the ransom?

There is no simple answer. But there are practical, ethical, and moral considerations argued by proponents of both sides of this debate. While the unique circumstances of each incident need to be considered by the victim, in most cases the answer is no, you should not pay the ransom. This is the position taken by federal and local law enforcement.

Despite this answer, many high-profile victims of ransomware have chosen to pay the ransom, in the hopes of restoring their systems and operations, with ransom sums in the millions of dollars. These decisions were hopefully made by individuals in positions of power that conducted a cost-benefit analysis and found that it made financial or operational sense for their entity.

While some organizations have made this decision, the practical reasons for not paying the ransom are compelling. Here reasons we recommend against paying the ransom:
  • Often a system is not really compromised and if law enforcement is contacted, they can help a victim discover that their system isn’t being held for ransom – rather it’s an idle threat.
  • The bad actors may not unlock the victim’s computer even if the ransom is paid. There are no guarantees that criminal hackers will keep their word, and there are documented instances where this has been the case.
  • Once a victim has paid the initial ransom demand, the hackers may request more money, either immediately or sometime in the future, creating a cycle of victimization.
  • If you pay the ransom, it could identify you as a target for future bad actors.
  • If everyone refuses to pay, there will be no incentive for criminals.
Prevention and preparedness are the best strategies to combat ransomware. Technology is constantly evolving and our own reliance on that technology is intertwined on nearly every level of life. That’s why it’s vital to have good digital hygiene – which is cleaning up and maintaining your electronic information or assets and regularly updating them.

If you fall victim to a ransomware attack, report the incident to your local law enforcement as quickly as possible.

As your District Attorney, I’m committed to increasing communication and accessibility between the DA’s Office and the public. I hope these consumer and public safety tips have been helpful.
TRACY SMITH
10/27/2021 09:55:17 am


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RAYAN STWART
11/17/2021 05:35:15 am

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Robert Earl
2/8/2022 01:58:34 am

RECOVERY OF LOST FUNDS, & HACK MODULES.
HOW CAN I RECOVER BACK MY LOST FUNDS AND HOW DO I FIND A REAL HACKER?

Expressive question entreated by victims. Here is the reason you need to know about the GLOBALKOS HACK TEAM.
HEAR MY STORY. Valuable information and Privileges comes rare. People barely know what they have never experienced. I was a victim of a scam. Anyone from all walks of life can fall a victim when the time is right. I recalled how I came across a business website who promised a huge return on investment. I was so convinced. The website was good and after it whole convincement, I ended up depositing 7,000 dollars. I was silly and excited to think I could get 200% return on my investment the next day. the next day came, i requested for my profit then got nothing. To cut the story short, I realized I have lost my money after the story which was conveyed to me was mistrustful.
After a year, I saw a review online that navigated me to Globalkos hacker who used some hack protocol whereby the locations and data of the deceptive provenience were traced into their monetary base network.
He was able to recover more than what I lost. I was perplexed as I wouldn’t have thought i could encounter such guru. I feel so much happy till this day. I am sharing with you this knowledge because so much people can benefit from this high classified information. As a victim, all you need to do is tender the information of either the website or company you had an encounter with, then the hacker do his private job.
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Comments are closed.

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928 N. Coast Highway | Oceanside, CA 92054
Tel 760-722-1534 
info@oceansidechamber.com
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Picture
  • Oceanside
    • About Oceanside >
      • History of Oceanside
      • Demographics
      • Arts and Culture
      • Education
      • Employment
      • Health Care
      • Religious Organizations
      • Local Government and Services
      • Retiring in Oceanside
      • Oceanside Maps
    • Visitor Information >
      • Beaches
      • Accommodations
      • Groups and Meeting
    • Things to Do >
      • Oceanside Events >
        • Downtown History Walks
        • Farmers Market
        • Sunset Market
      • Shopping >
        • Coupons
      • Dining
      • Surfing
      • Regional Attractions
    • Volunteer Opportunities
  • Business Directory
    • All Categories
    • Coupons
    • New Members
  • Media
    • Advancing Oceanside Podcast
    • Blog
    • Member News
    • E-Newsletter
    • Publications >
      • Advertising Your Business
      • Best of Oceanside Magazine
      • Annual Community Guide
      • Military Publications
  • Chamber
    • Membership >
      • Member Portal
      • Membership Packages
      • Application
      • Testimonials
    • Advocacy >
      • Chamber Political Action Committee
      • Public Policy Guidelines
      • The Advancing Oceanside Report
    • Our Work >
      • 2021 Annual Report
      • 2023 Strategic Priorities
      • Committees - Task Forces - Forums
      • Oceanside Young Professionals
    • Economic Recovery >
      • 2021 Small Business Grant Program
      • 2020 Shop Local Oceanside
      • 2020 North County Cares Program
    • Workforce Development >
      • SOCAL Workforce
    • Kindness
    • Oceanside Leadership Academy
    • Our Team >
      • Board of Directors
      • Chamber Staff
    • Privacy Policy
  • Events
    • Signature Chamber Events >
      • Armed Forces Day Operation Appreciation
      • Heroes of Oceanside and Camp Pendleton
      • Meet the City of Oceanside
      • North County Health Fair
      • Oceanside Senior Expo
      • Rising Star Student Program
    • Monthly Chamber Events
    • Oceanside Community Events
  • Resources
    • Local Business Resources
    • Military Resources