RATE Group | Should Organizations Just Pay the Bitcoin Ransom? Survey Says, ‘No’
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Should Organizations Just Pay the Bitcoin Ransom? Survey Says, ‘No’

06 Oct Should Organizations Just Pay the Bitcoin Ransom? Survey Says, ‘No’

Posted at 04:50h in Bitcoin News by

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(TNS) — The San Diego Unified Port District fell victim to a cyberattack recently with attackers demanding bitcoin for access to computer systems. The port did not say how much the attackers asked for but there is some evidence of bitcoin ransomware attacks being cheaper just to pay off. In March, the city of Atlanta received a $51,000 ransomware demand that it refused to pay. Atlanta has spent around $5 million so far fixing the problem, accord to the Atlanta Journal-Constitution.

Question: The Port would not say how much was requested, but would it have been less costly in the long run to pay the bitcoin?

Phil Blair, Manpower

NO: The ransom amount is minimal compared to the long-term disruption…

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