Ransomware involves the kidnapping of an organization’s electronically stored assets. They are sealed with encryption devices that prevent the owner from accessing the data or assets. When the owner pays the ransom through remote financial channels the kidnappers release the assets to the owner by providing him with the encryption information. If your business or organization was victimized with a ransomware attack what would you do? Provide at least one reason why you would pay and one reason why you wouldn’t give in to the kidnapper’s demands. Cite case examples to support one or both sides.
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