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Why Are Ransomware Victims Still Paying? | #ransomware | #cybercrime

Fraud Management & Cybercrime

Also: Cyber Resilience in Israel; Human Risk Management in the Era of Remote Work

Clockwise, from top left: Anna Delaney, Mathew Schwartz, Tom Field and Tony Morbin

In the latest weekly update, four ISMG editors discussed the number of ransomware victims who are paying a ransom to cybercriminals, the need for greater cyber resilience during wartime, and the critical role of human risk management in organizational cybersecurity in the era of remote work.

See Also: 10 Belt-Tightening Tips for CISOs to Weather the Downturn

The panelists – Anna Delaney, director, productions; Mathew Schwartz, executive editor of DataBreachToday and Europe; Tom Field, senior vice president, editorial; and Tony Morbin, executive news editor, EU – discussed:

  • Key takeaways from recent interviews with Israeli cybersecurity leaders including Windward CEO Ami Daniel, on resilience during the ongoing Israel-Hamas war;
  • Highlights from a new report by security firm Emsisoft revealing that the number of successful ransomware attacks is on the rise and victims are still paying the ransoms;
  • Human-centric challenges that organizations commonly overlook in their risk management strategies.

The ISMG Editors’ Panel runs weekly. Don’t miss our previous installments, including the Dec. 22 edition on CISOs’ concerns and priorities for AI and the Dec. 29 edition on looking back at 2023.

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