The debate of whether or not organisations should pay ransoms to cybercriminals in return for their unencrypted data has been going on for years. On one hand, as data is now the lifeblood of almost all organisations a successful ransomware attack can mean business closure. However, succumbing to the ransom is only fuelling the cybercrime economy which is now estimated to be the 3rd largest in the world. But a recent report into ransomware attacks may add weight to the notion of never paying the ransom.
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There are benefits to on-premise backups and depending on your industry you might even be forced to use on-premise storage due to regulations such as the finance sector. One big reason is the peace of mind knowing that your data is safe on your property and you’re not relying on a third party to protect your data. Like parking your car in the garage. Safe.