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27 Sep 2022, 7:49 am
[4] Kidnap and Ransom Insurance, Definition, IRMI, https://www.irmi.com/term/insurance-definitions/kidnap-and-ransom-insurance (last visited July 11, 2022) [read post]
27 Sep 2022, 1:05 am
Ransom Wydner, Vice President, Pro Bono and Social Impact, SixFifty Technologies, LLC, the technology subsidiary of Wilson Sonsini. [read post]
22 Sep 2022, 10:50 am
In the first of this two-part series for Cybersecurity Law Report, Proskauer outlines immediate incident response steps and analyses whether to pay a ransom, from U.S., U.K. and E.U. perspectives. [read post]
20 Sep 2022, 6:42 am
Paying ransom is distasteful and encourages hacking. [read post]
19 Sep 2022, 7:00 am
Kidnapping requires that the culprit “unlawfully seizes, confines, inveigles, decoys, kidnaps, abducts, or carries away and holds for ransom or reward or otherwise any person. [read post]
18 Sep 2022, 8:33 am
Kidnapping requires that the culprit “unlawfully seizes, confines, inveigles, decoys, kidnaps, abducts, or carries away and holds for ransom or reward or otherwise any person. [read post]
15 Sep 2022, 12:14 pm
The hackers used malware to attack and demand ransom from their targets, which included governments, public sector utilities, and humanitarian organizations. [read post]
14 Sep 2022, 2:42 pm
The ransom demands allegedly sought payments in exchange for BitLocker decryption keys that the victims could use to regain access to their data. [read post]
7 Sep 2022, 10:47 am
Paying ransom is distasteful and encourages hacking. [read post]
29 Aug 2022, 6:00 am
Coverage under these types of policies will be fact-specific, such as whether the cryptocurrency has simply been stolen, whether a ransom demand has been made where a business is being extorted, or whether there is a lawsuit being instituted against an officer of the company which holds the cryptocurrency. [read post]
25 Aug 2022, 11:54 am
Coverage under these types of policies will be fact-specific, such as whether the cryptocurrency has simply been stolen, whether a ransom demand has been made where a business is being extorted, or whether there is a lawsuit being instituted against an officer of the company which holds the cryptocurrency. [read post]
22 Aug 2022, 8:04 am
Although the UCSF ransom payment and the USC settlement represent extremes, they are by no means lone data points on the spectrum of higher education settlement payments/awards. [read post]
19 Aug 2022, 7:08 am
Paying the Ransom Recent changes in the law have made one option – paying the ransom – significantly more complicated, and those who choose this route may actually find themselves in legal trouble. [read post]
15 Aug 2022, 7:28 am
One year ago today, the Taliban entered Kabul as the Afghan government collapsed. [read post]
10 Aug 2022, 11:34 am
Grundy filed a complaint with the Board of Dentistry in which he stated as follows: Patients are paying higher copays due to changing of procedure codes, paying extra fees for material(s) in addition to contracted insurance fees, having their non-destroyed PHI thrown into the dumpster daily, not being contacted when breach of all patient records were ransomed, having physical injuries occur due to untrained staff, theft of paid implant components, voiding implant warranties by placing… [read post]
9 Aug 2022, 7:58 am
On July 29, the New York Department of Financial Services (NYDFS) released Draft Amendments to its Part 500 Cybersecurity Rules that include a number of significant amendments to the rules, including notification requirements such as a mandatory 24-hour notification for cyber ransom payments, specific requirements for newly defined larger entities, increased expectations for oversight of cybersecurity risk, additional requirements for incident response plans (IRPs), business continuity and… [read post]
9 Aug 2022, 5:30 am
For 94.2% of incidents, we do not know whether the company paid the ransom or not. [read post]
1 Aug 2022, 7:16 am
As Marko Milanovic and Schmitt explain, although WannaCry was disruptive, it was intended to gain a ransom payment and not to gain control over the U.K. [read post]
1 Aug 2022, 3:32 am
Factoring in the high cost of ransom payments, the financial toll may rise even higher, suggesting that simply paying the ransom may not be an effective strategy. [read post]
26 Jul 2022, 12:35 pm
Operating in an increasingly digital economy means businesses face a growing threat from cybercriminals looking to hold computer operating systems hostage until a ransom is paid. [read post]
