Ransomware: To pay or not to pay

NOTHING perhaps could cause a board greater distress than the news that its company has just been hacked and its systems locked up until a ransom is paid. While most major cyber security incidents have to be reported, ransomware puts the board on the spot - as the decision to pay or not ultimately lies with it.

It can be an existential question and a moral dilemma, as giving in to hackers' demands could encourage more cyber attacks.

Understanding ransomware