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PandaBuy pays ransom to hacker only to get extorted again
(www.bleepingcomputer.com)
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this post was submitted on 06 Jun 2024
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It's bad business to not be honest and trustworthy. If a hacker group is known to always give back the data and not strike twice, they are obviously much more likely to get paid. No one's paying someone known for ripping off. We see this in company ransomwware all the time. They are friendly, helpful in explaining the breech, and professional. If they were the opposite, they'd be broke.
It's an interesting dynamic where the ransomware groups have to be reliable and professional for their business model to work.
It was the same with Pirates, if you get a bad Rep with your extortion business you're just making your own life harder down the line