Recently, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued an updated advisory that warns against paying out ransomware demands and encourages a risk-mitigation approach, in light of dramatic increases in ransomware attacks to US-based organizations.
The advisory is a timely response to a higher incidence of this national security threat, with 51% of respondents to a 2020 survey of 5000 IT managers revealing they had suffered a ransomware attack in the last year, and a 171% increase on the average ransomware payment compared to 2019.
Drumz plc (LON:DRUM) is an investing company whose policy is to invest principally but not exclusively in the technology sector within Europe. On 4 September 2020, Drumz made an investment in Acuity Risk Management Ltd, which operates an award winning software business specialising in risk management.