THE Federal Govt is considering banning ransom payments as part of its cybersecurity strategy overhaul, however, business leaders and the insurance industry have cautioned against that, arguing payments may be justified in cases where the data breach could put peoples' lives at risk, or threaten critical infrastructure.
A survey of 125 Aussie tech executives by Rubrik Zero Labs found that 64% said they would be likely to pay a ransom to recover their data in the wake of a cyber-attack.
It also found that 72% have previously paid a ransom to recover data or to prevent an attack.
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