When ransomware strikes, this company helps victims make bitcoin payments

A strange thought; if you consider paying a ransom as part of your Incident Response plan, do you have the business processes in place to make the payment?…:

A business will fall victim to a ransomware attack every 11 seconds this year, according to research firm Cybersecurity Ventures. Some of them, like Colonial Pipeline, have admitted they don’t have a plan for when that happens.

Several businesses have never even dealt in bitcoin, which is the currency of choice for virtually all ransom payments.

“A lot of these companies, especially if they haven’t prepared for an extortion attempt, have no clue what they need to do,” said Rick Holland, chief information security officer at Digital Shadows, a cyberthreat intelligence company.

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