Can a ban on ransom payments stop ransomware attacks?

Security Strategy & Roadmap Threat Intelligence & Incident Response

Yes, this will discourage attacks.76%

No, as the victim's customers are also impacted by ransomware attacks.23%

270 PARTICIPANTS

2.8k views1 Upvote1 Comment

Sort by:

Senior IT Manager in Government4 years ago

No, but not for the reason given. Such a ban would likely be unenforceable, and companies in desperate situations would more than likely ignore it and cough up anyway,

Content you might like

Does your IT team or your HR team absorb the costs of HR technology?

What platform are you using for GRC?

Drata5%

Vanta22%

Secureframe16%

KnowBe414%

Ostendio6%

AuditBoard5%

Something else -- I'll tell you in the comments6%

We’re not using a GRC platform22%

View Results

How are you currently managing SIEM costs? Have you found effective ways to actually reduce storage costs for your SIEM?

As part of our NYSE IPO prep, we’re debating how to communicate our system hardening efforts in regulatory disclosures (e.g., SEC Form 20-F, SFC).

Would you recommend sharing % compliance (e.g., “85% CIS Tier 2”) or sticking to qualitative descriptions of how we identify and mitigate risks? Also, do SFC/ISO 27001 expectations require full ISMS integration, or is a % model acceptable?