Paying the Ransom: Is it the Right Thing to Do?

The world's largest meat processing company - Brazil-based JBS SA - recently fell prey to a ransomware attack in which hackers paralysed the servers supporting its operations in North America and Australia.

The FBI attributed the attack to REvil, a Russian-speaking hacking group that has made some of the largest ransomware demands on record in recent months. JBS managed to get its global operations back up and running at "close to full capacity" within five days of the cyberattack. It is not yet known if the meat processing giant paid a ransom, but the quick resolution might suggest some form of successful negotiation with the criminal group.

Read the full article: Insurance Business NZ