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10 Lessons Learned From The Biggest Ransomware Attacks

CRN asks technical leaders at IBM Security, Malwarebytes and Symantec about what organizations need to do differently going forward to avoid becoming the victim of ransomware attacks.

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Bitcoin Should Be Quickly Accessible In A Pinch

Paying the ransom is far more common than most people realize, Barlow said, with most organizations never disclosing that they've done so unless there's personally identifiable information (PII) involved or it's required under a regulatory framework.

As a result, Barlow said companies should consider how they'd go about getting access to large sums of Bitcoin on very short notice. Not too long ago, virtually no company would have been able to get $250,000 in Bitcoin within a single business day, but now, Barlow said between 10 percent and 20 percent of companies know how to do that.

Businesses can park their Bitcoin at a third-party law firm so that it's ready at a moment's notice, Barlow said. If the bad actor doesn't realize how important the data is that they've locked up, Barlow said companies are sometimes able to get it back for a relatively modest sum.

 
 
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