The Aftereffects of Ransomware

In this week news, the foreign currency exchange firm Travelex has been forced to resort to recording transactions with pen and paper after falling victim to a ransomware attack by hackers on New Year’s Eve.

As a result, the company took down its websites across 30 countries to contain “the virus and protect data” and the hackers behind this nasty attack are demanding $6 million US Dollars.

The hackers behind the Ransomware claim to have gained access to the company’s computer network some six months ago and have managed to downloaded 5GB of sensitive customer data (dates of birth, credit card information and national insurance numbers).

Question: Would you pay to get back your data?