Cyber insurance: The moral quandary of paying criminals who stole your data

Asha Barbaschow reports:

Earlier this year, a club with around 70,000 members found itself in a pickle: Pay a ransom or risk the personal information of those members being exposed.

In this scenario, the club paid the ransomware. It was decided that the financial hit of paying outstripped the reputational harm to that business. They handed over a handful of bitcoin totalling around $200,000 and the data was returned.

Read more on ZDNet.

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