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Paying Hacktivist Extorsion

Anonymous Coward writes | more than 3 years ago

1

An anonymous reader writes "A friend works as CIO at a medium sized publically traded company. The company was contacted by a hacking group and told to pay $100,000 to prevent their company from being hacked/attacked. They actually paid the extorsion (told authorities after). The authorities said the company could be charged with supporting Terrorists.

Seeing that most publiclly known hacks are costing companies this size nearly a million dollars.

Is this supporting terrorists or supporting stockholders?"

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CIO supporting terrorists? (1)

JWSmythe (446288) | more than 3 years ago | (#36515562)

    I seriously doubt there would be a charge against the company for paying extortion money. As far as paying it though, the company is responsible for ensuring their security. Paying off someone doesn't help their situation. If one hacker can do it, there are others that can do the same thing. Even paying off the first doesn't help the situation at all. Who's to say they won't come back a week later and want more money. Hell, they know the company can part with $100k, maybe next time it will be $250k, and subsequent threats will have higher price tags. That money would have been better spent dealing with the problem.

    Where I am, people were trying lots of things against us. We've turned it around, so even trivially successful attacks are down to almost nothing. Well, the last "intrusion" report I got was about my own testing, which wasn't even successful (i.e., I couldn't break into my own network from outside).

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