Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Vulnerabilities / Threats

10/31/2017
12:00 PM
Dawn Kawamoto
Dawn Kawamoto
Slideshows
50%
50%

How to Make a Ransomware Payment - Fast

Paying ransom in a ransomware attack isn't recommended, but sometimes, it's necessary. Here's how to pay by cryptocurrency.
Previous
1 of 8
Next

Against their better judgment, sometimes IT security professionals are pressured to help their CEOs, chief financial officers, or boards of directors make a ransomware payment.

Paying ransom in a ransomware attack is not as easy as wiring money from a bank, or filling a suitcase full of hundred-dollar bills. Ransomware attacks typically call for sending cryptocurrency to unlock kidnapped data, with values ranging from a few hundred to even millions of dollars

And although traditional financial institutions reportedly are beginning to show interest in cyrptocurrencies, that payment avenue will likely remain blocked for ransomware payments under anti-money laundering and know-your-customer regulations that institutions must abide by. Last year, New York prosecutors charged a Bitcoin exchange operator with violating anti-money laundering laws when it facilitated making a ransomware payment, according to a Fortune report. However, Coin Center, a nonprofit cryptocurrency research and advocacy group, contended it should not be a crime to help ransomware victims.

Meanwhile, cybercriminals are ramping up the deadlines for victims to make ransom payments, or face the potential of having their locked up data, files, photos, and video destroyed. Some attacks delete files if a victim can't meet tight deadlines in time.

"People are being put on a countdown timer and data will be deleted if they don't pay. As a result, companies want to make the payment as fast as possible. Jigsaw, for example, will delete an individual file every hour that you don't pay," says Rick McElroy, security strategist for Carbon Black.

Nearly 60% of employees hit by a ransomware attack at work personally paid the extortion money, according to a new report released today by Intermedia.

While law enforcement as well as security experts in general don't recommend paying ransom, here are seven tips for how to make a ransomware payment in that dire case where there is no other choice. 

 

Dawn Kawamoto is an Associate Editor for Dark Reading, where she covers cybersecurity news and trends. She is an award-winning journalist who has written and edited technology, management, leadership, career, finance, and innovation stories for such publications as CNET's ... View Full Bio

Previous
1 of 8
Next
Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
REISEN1955
100%
0%
REISEN1955,
User Rank: Ninja
11/1/2017 | 3:48:49 PM
Re: backup, backup and backup again
TOTALLY AGREE!!!  Any business that does not have a valid and tested system restore protocol AND server backup plan deserves what it gets!!!  Tht said - an ransomware payment should come out of the salary pool of the IT staff which would then MAKE THEM MUCH MORE AWARE of the problems.  None of this is NEWS FOR TODAY folks!!!  Valid DR and restore protocols have been around for years.  NOBODY wants to implement or test them. 
jenshadus
50%
50%
jenshadus,
User Rank: Strategist
11/1/2017 | 12:50:57 PM
backup, backup and backup again
My work computer is backed up once a day.  Plus I use a VDI within my laptop and leave few files on my laptop.  Just the essentials for when I travel.  At home I backup everyday, keep my firewall on, and keep the anti-virus scanning.  If I get hit, which I doubt (cross my fingers) I'll just wipe my own computer. 
COVID-19: Latest Security News & Commentary
Dark Reading Staff 7/14/2020
Omdia Research Launches Page on Dark Reading
Tim Wilson, Editor in Chief, Dark Reading 7/9/2020
Russian Cyber Gang 'Cosmic Lynx' Focuses on Email Fraud
Kelly Sheridan, Staff Editor, Dark Reading,  7/7/2020
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
Special Report: Computing's New Normal, a Dark Reading Perspective
This special report examines how IT security organizations have adapted to the "new normal" of computing and what the long-term effects will be. Read it and get a unique set of perspectives on issues ranging from new threats & vulnerabilities as a result of remote working to how enterprise security strategy will be affected long term.
Flash Poll
The Threat from the Internetand What Your Organization Can Do About It
The Threat from the Internetand What Your Organization Can Do About It
This report describes some of the latest attacks and threats emanating from the Internet, as well as advice and tips on how your organization can mitigate those threats before they affect your business. Download it today!
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-6287
PUBLISHED: 2020-07-14
SAP NetWeaver AS JAVA (LM Configuration Wizard), versions - 7.30, 7.31, 7.40, 7.50, does not perform an authentication check which allows an attacker without prior authentication to execute configuration tasks to perform critical actions against the SAP Java system, including the ability to create a...
CVE-2020-6289
PUBLISHED: 2020-07-14
SAP Disclosure Management, version 10.1, had insufficient protection against Cross-Site Request Forgery, which could be used to trick user in to browsing malicious site.
CVE-2020-6290
PUBLISHED: 2020-07-14
SAP Disclosure Management, version 10.1, is vulnerable to Session Fixation attacks wherein the attacker tricks the user into using a specific session ID.
CVE-2020-6291
PUBLISHED: 2020-07-14
SAP Disclosure Management, version 10.1, session mechanism does not have expiration data set therefore allows unlimited access after authenticating once, leading to Insufficient Session Expiration
CVE-2020-6292
PUBLISHED: 2020-07-14
Logout mechanism in SAP Disclosure Management, version 10.1, does not invalidate one of the session cookies, leading to Insufficient Session Expiration.