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16 Mar 2022, 12:54 pm
These liability protections only apply to litigation based solely on the submission of a covered cyber incident report or ransom payment report to CISA. [read post]
16 Mar 2022, 8:58 am
Further, the Act will require a covered entity to report ransom payments to CISA within 24 hours of payment. [read post]
16 Mar 2022, 5:12 am
One well-known ransomware group, Conti, publicly announced their intention to “use our full capacity to deliver retaliatory measures,” and there have been reports of prior ransomware victims having their data posted to the dark web, even after paying the ransom, as retribution for the U.S. government’s opposition to the war. [read post]
15 Mar 2022, 11:41 am
No ransoms were demanded. [read post]
1 Mar 2022, 8:45 pm
The cybersecurity authorities in the United States, Australia, and the United Kingdom “strongly discourage paying a ransom to criminal actors,” because paying the ransom not only promotes the ransomware business model, but also does not guarantee recovery of the victim’s files. [read post]
28 Feb 2022, 5:02 am
As such, when faced with the choice of paying a ransom or risking being unable to hold classes or process student/applicant/donor information for several days or weeks, educational institutions often choose the path of least resistance and pay the ransom. [read post]
25 Feb 2022, 11:27 am
Every time a ransom is paid, it confirms the viability and financial attractiveness of the ransomware criminal business model. [read post]
25 Feb 2022, 8:08 am
Chinese squatters are constantly on the look out for up and coming startups whose trademarks they can register in China and use for “ransom. [read post]
23 Feb 2022, 5:18 pm
The PRC reaps the benefits of these criminal activities, while the victims, including governments, businesses and critical infrastructure operators, lose billions of dollars in intellectual property, proprietary information, ransom payments and mitigation efforts. [read post]
17 Feb 2022, 5:01 am
These concerns are heightened in the ransomware context, where organizations may incur penalties for making ransom payments to groups or individuals included on a sanctions list. [read post]
16 Feb 2022, 10:00 pm
One common type of cyber-attack that schools face is ransomware, where a hacker takes over a school district’s computer systems and holds the systems “hostage” until the district pays a ransom or can restore the system on its own. [read post]
7 Feb 2022, 9:27 am
Nonetheless, as the targets and means of these attacks have evolved, keeping track of it all has become a bit more complicated than note a name on a ransom note. [read post]
4 Feb 2022, 2:02 pm
Does the policy cover the payment of a ransom? [read post]
4 Feb 2022, 5:53 am
However, paying a ransom, which can sometimes range into the millions, is easier said than done. [read post]
28 Jan 2022, 5:01 am
If a ransom insurance company has agreed to pay ransom in the event of a kidnapping, it has given up its right not to pay (unless, of course, there is a law precluding such ransom insurance, on the theory that allowing ransom insurance encourages kidnappings). [read post]
27 Jan 2022, 6:50 am
The amount won’t be a king’s ransom, but it’ll be enough to make a major difference. [read post]
27 Jan 2022, 5:01 am
., to perform abortions, to distribute blasphemous images, to sell furs, and the like) or the right not to pay a million-dollar ransom. [read post]
27 Jan 2022, 5:01 am
., to perform abortions, to distribute blasphemous images, to sell furs, and the like) or the right not to pay a million-dollar ransom. [read post]
25 Jan 2022, 1:09 pm
There were also no ransom demands. [read post]
21 Jan 2022, 5:01 am
For this reason, some countries outlaw ransom payments. [read post]
