As published in Digital Insurance, “Navigating Breach Recovery Costs to Slash Inefficiences”
As published in Digital Insurance, “Navigating Breach Recovery Costs to Slash Inefficiences”
In the Dark Reading article published on February 10, 2025, ACTFORE was asked to comment on the year over year trend of ransomware payments decreasing.
The total volume of ransom payments decreased year over year by approximately 35% due to law enforcement activities and more victims refusing to pay, according to blockchain analytics company Chainalysis.
Victims organizations have wrestled with the pay-or-not-pay dilemma for years. On one hand, paying may be the only answer when there is no other way to recover the data or the downtime waiting to recover the data is too long. On the other hand, paying rewards criminal activity, funds future activities, and may encourage more attacks against the victim. Improved cyber hygiene and overall resiliency is helping organizations make the decision to not pay, according to Christian Geyer, founder and CEO of Actfore. Better incident-response capabilities, digital forensics, and data-mining services are helping victims identify breached data faster…
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