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Reducing Ransomware Crime: Analysis of Victims' Payment Decisions

Yuryna Connolly, Lena; Borrion, Herve; (2022) Reducing Ransomware Crime: Analysis of Victims' Payment Decisions. Computers & Security , 119 , Article 102760. 10.1016/j.cose.2022.102760. Green open access

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Abstract

In this paper, the decision-making processes of victims during ransomware attacks were analysed. Forty-one ransomware attacks using qualitative data collected from organisations and police officers from cybercrime units in the UK were examined. The hypothesis tested in this paper is that victims carefully analyse the situation before deciding whether to pay a ransom. This research confirms that victims often weigh the costs and benefits of interventions before making final decisions, and that their decisions are based on a range of reasons. As ransomware attacks become more prevalent globally, the findings should be highly relevant to those developing guidance and policies to prevent or minimise ransom payments.

Type: Article
Title: Reducing Ransomware Crime: Analysis of Victims' Payment Decisions
Open access status: An open access version is available from UCL Discovery
DOI: 10.1016/j.cose.2022.102760
Publisher version: https://doi.org/10.1016/j.cose.2022.102760
Language: English
Additional information: Copyright © 2022 The Authors. Published by Elsevier Ltd. This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/).
Keywords: Ransomware attacks, Organisations, Decision processes, Ransom payments, Cybercrime
UCL classification: UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science > Dept of Security and Crime Science
UCL > Provost and Vice Provost Offices > UCL BEAMS
UCL
URI: https://discovery.ucl.ac.uk/id/eprint/10149020
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