Preparing for a RDDoS extortion attack

Ransom attacks dominate cybercrime headlines. May’s Colonial Pipeline attack reduced US east coast fuel supply by 45 percent, resolved only by a $4.4 million ransom payment. In the weeks that followed, President Joe Biden even went as far as calling on Vladimir Putin to move against ransomware groups operating from Russia.

Unsurprisingly, these incidents have sparked a number of high-profile debates around cybercrime payments, with the Director of the FBI, the US Attorney General and the White House warning firms against paying cyber-related ransoms. Despite this, new research from the Neustar International Security Council (NISC) found that 60 percent of businesses would consider paying in the event of an attack, with 1 in 5 potentially willing to spend more 20 percent or more of their annual revenue. 

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