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ARTICLE · 30 DECEMBER 2016

Negotiating The Ransom. Is It Ever A Good Idea?

Ransomware is one of the more insidious types of malware making the rounds as well as the news...

MaltaTechnology

By Andre Muscat

Ransomware is one of the more insidious types of malware making the rounds as well as the news. It is a piece of software that encrypts your data and holds it at ransom. Until very recently, this has been an attack that strikes individuals. Once a ransom has been paid, the perpetrator would then provide the victim with the key to decrypt their data.

However, on or about February 5, a hospital in California fell victim to ransomware which effectively shut down the hospital's IT systems. The Hollywood Presbyterian Medical Center was reported to have had their systems compromised by the malware attack, and some media sources have set the purported ransom demands to be as high as US $3.6 million. After repeated attempts to restore their systems and data, it was reported on February 18 that the hospital paid a ransom to the perpetrator(s) of 40 bitcoins, the untraceable cryptocurrency, that was worth approximately US $17,000 at the time. While that is

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