Most articles I have read say that ransom-ware attacks agains small and mid-market businesses ask for $50,000.
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Most articles I have read say that ransom-ware attacks agains small and mid-market businesses ask for $50,000.
Sure, that's what they ask for. What do they get?
What about the reports of wipes happening even after paying? Only fools negotiate with terrorists, though I guess there could be many foolish companies.
It's certainly a gamble. Pay $50,000 and possibly get back up and running or refuse to pay and lose valuable time and possibly go out of business.
Here is a good article on the subject:
http://www.denverpost.com/2016/10/23/small-companies-cyber-attack-out-of-business/
You are correct, sometimes victims pay and don't get an encryption key that works. For many businesses, paying $50,000 is worth it for a shot at getting the ransom ware lifted. However, it usually takes a while to buy bitcoin if you don't have any and don't have an account, so it's worth holding some so you at least have the option to act quickly.