The PowerSchool breach has deeply affected schools, with hackers now extorting individual institutions and threatening to disclose personal data of millions unless ransoms are paid. Despite the organization initially paying a ransom for data deletion, concerns arise that this data remains at risk. Security experts emphasize that while paying ransoms might temporarily mitigate damage, it also encourages further cybercriminal activity. Organizations are urged to strengthen defenses and use ransomware incidents as learning opportunities to bolster security measures against future threats.
While paying ransoms might incentivize threat actors, the reality is that not paying a ransom could be more damaging, especially for organizations involved in critical infrastructure.
The brutal truth we must face is the recognition from the cybercriminals that if an organization has succumbed to ransomware attack and paid a ransom, they are more likely to pay again to keep a data breach from becoming public.
When faced with a ransomware attack, organizations are faced with a difficult decision - whether or not a ransom should be paid. Paying a ransom to release their data may seem like the simplest solution, however, it is often illegal and only fuels the explosive growth of this criminal activity.
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