Has Anyone Successfully Dealt with Payfast Ransomware?

Just a reminder to stay prepared. We faced a different ransomware last year, and it was a whirlwind. The stress of it all was unreal. Good luck navigating your situation!

I was called in for a case where the company had to pay because their backups were all wiped. They managed to recover most of their data after paying around $60,000 for the decryption. It was a chaotic first day, especially for the in-house IT tech, so I can totally relate to how overwhelming it can be!

It sounds like a tough situation. I've dealt with some ransomware, but not specifically with Payfast. Generally, those who pay do receive a decryption key; it’s kind of their business model. But like you mentioned, always good to focus on reliable backups and involve cybersecurity experts. Trust me, they can help to manage the situation effectively without negotiating with hackers.

Quick note on Payfast: it’s not the ransomware itself but a payment solution like PayPal. The attack could be utilizing them for transactions, so ensure your systems are secure before proceeding with any payments.

I worked with a team who faced a known ransomware group – not Payfast – and they paid up. In their case, they did get their files decrypted. I'd advise you to coordinate with your COO and keep your insurance in the loop. They can be critical in managing the fallout as well.