I recommend that you do not trust such reports.
We don't know what information the Coveware report was based on.
How many companies are using Coveware?
What is the size of the company and what is their revenue?
Was there a data leak?
Or was the company able to recover on its own and the company was interested only in non-disclosure?
Company profiles?
And much more.
We also recommend that you be extremely careful when contacting a company like Coveware.
As practice shows, the task of such companies is to make money on the client's problem. Most often they use payment per hour.
Therefore, they usually start to play for time during negotiations and thereby pull money from the client.
They won't care about your data. And if the deal does not take place,
then the data is published and companies like Coveware will do it anyway
for this fact - they will still make money.
They are often too confident that we will agree to any amount and will
not publish the data, but you can take a look at our blog and see how
many companies they faked in this way.
It is also a frequent case when we publish the first part of the data -
companies immediately go to the deal, understanding how serious
everything is.
Returning to the topic of statistics of payments and amounts - as you
understand, the companies that ignite do not want publicity, so you
rarely see news that the company paid 5-10-15-20 million. But this
happens.
Here is a public example for you, to which we have nothing to do, but I think the meaning will be clear:
https://www.wired.com/story/garmin-ransomware-hack-warning/
This is a public event. The company did not want to pay, after which
part of its data was published and as far as I know - after that the
company quickly agreed to the deal.
I could provide private evidence of other multi-million dollar deals, but of course I won't.
We do business with integrity. All the more would you like it if in the
future we would tell other companies about your case? If we come to a
deal, no one will know about it, otherwise you will be another example
for our other companies.
As for the amount.
I think you perfectly understand that you will incur large financial
losses. You are already losing money and I don’t think you want it to
continue like this. And now we are only talking about easy to work with.
But do you understand that there will be other losses?
Clients will find out about what happened to you and find out that their
data has been published, including confidential. Including problems
with their projects. I think it is not easy for them not to want to
continue working with you, and they will also sue you. And probably it
will also go about millions of claims.
So what happens if competitors take advantage of the data we can publish?
How will investors react to this?
Believe me, there is enough data for the company to incur more serious losses and they will exceed the amount requested from us.
We are not the first day in this business and we can conditionally
calculate how much the company can and will be willing to pay. As well
as possible losses of the company. Therefore, we offer an adequate
amount and it does not include the discount that we can offer if the
company conducts a correct and serious conversation, and is also ready
to conduct a deal up to double the amount and publish the first part of
the data.
We are still waiting for a serious offer from you. Keep in mind that
tomorrow we will be preparing the first publication for our blog
regarding your company - we are going to publish it on Friday if we do
not come to an agreement. The blog is followed by many media and as soon
as a new entry appears there, after a few hours it appears on many news
portals.
1 day ago