The Hidden Risks of Paying Ransom in Cyber Attacks

Ransomware attacks are on the rise, and companies are often faced with a tough choice: pay the ransom or risk major losses. But paying up comes with hidden legal dangers. The Foreign Corrupt Practices Act could make it illegal if the hackers are linked to foreign governments or illegal activities like terrorism or money laundering.

Many companies rely on cyber liability insurance to navigate this, but the question remains—how long before the government steps in to regulate or prosecute ransom payments? As these attacks grow, this issue will only get more complicated.

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