Paying the Ransomware

Paying the Ransomware

I learned today where one bitcoin equals 600 US dollars as of 21-Sep-16. When a ransomware Incident occurs, one of the first few question does come up what will it take to get back into operation?  The first I would think is how did it happen?  Depending on the impact of the Ransom it was in the case of the Hollywood Presbyterian it was cheaper to pay the 29 bitcoins(in today’s bitcoin value equals 17K in USD) to get back up and running faster.  The cost of trying to fix it on your own could have been higher in man and machine hours.  In this case patient information was involved and systems were down so it me it made business sense to resolved the incident.  The question what can be done to prevent the next Ransomware incident from occurring?

 

 

 

http://www.securitymagazine.com/articles/87431-the-ransomware-dilemma-is-paying-up-a-good-idea

http://hollywoodpresbyterian.com/default/assets/File/20160217%20Memo%20from%20the%20CEO%20v2.pdf