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6 Oct 2021, 10:00 pm
Ransomware actors often target businesses believed to have fewer resources to invest in cyber protection, as well as those holding sensitive data, in the hopes that they will be more likely to make a quick ransom payment. [read post]
6 Oct 2021, 10:00 pm
Ransomware actors often target businesses believed to have fewer resources to invest in cyber protection, as well as those holding sensitive data, in the hopes that they will be more likely to make a quick ransom payment. [read post]
6 Oct 2021, 10:00 pm
Ransomware actors often target businesses believed to have fewer resources to invest in cyber protection, as well as those holding sensitive data, in the hopes that they will be more likely to make a quick ransom payment. [read post]
6 Oct 2021, 4:09 pm by Sabrina I. Pacifici
Victims who pay ransoms might also be subject to criminal or civil penalties in some cases—for example, where a ransom payment is made knowingly to an entity either designated as a foreign terrorist organization or subject to sanctions by the Department of the Treasury. [read post]
4 Oct 2021, 11:30 pm by David Kitchen and Kate Nelson (US)
Notably, to further incentivize reporting of ransomware attacks and ransom payments, the bill explicitly notes that ‘”[a] covered cyber incident or ransom payment report submitted to the Office by an entity that makes a ransom payment … shall not be used by any Federal, State, Tribal, or local government to investigate or take another law enforcement action against the entity that makes a ransom payment”. [read post]
4 Oct 2021, 11:30 pm by David Kitchen and Kate Nelson (US)
Notably, to further incentivize reporting of ransomware attacks and ransom payments, the bill explicitly notes that ‘”[a] covered cyber incident or ransom payment report submitted to the Office by an entity that makes a ransom payment … shall not be used by any Federal, State, Tribal, or local government to investigate or take another law enforcement action against the entity that makes a ransom payment”. [read post]
  Blackbaud paid the ransom, in exchange for a commitment that the threat actors would permanently destroy any data accessed. [read post]
1 Oct 2021, 2:24 pm by Mary Mock
Section 1201 prohibits unlawfully seizes, abducts, or carries away and holds another person for ransom or reward across state lines. [read post]
1 Oct 2021, 2:24 pm by Mary Mock
Section 1201 prohibits unlawfully seizes, abducts, or carries away and holds another person for ransom or reward across state lines. [read post]
  Cooperation would include “providing all relevant information such as technical details, ransom payment demand, and ransom payment instructions as soon as possible” during and after an attack. [read post]
30 Sep 2021, 9:51 am
TTABlog Test: Is KING'S RANSOM for Scotch Whiskey Sold by Invitation Confusable With the Identical Mark for Wines? [read post]
29 Sep 2021, 4:00 am by Sharon D. Nelson and John W. Simek
So, if you decline to pay the ransom for the decryption key, the criminals point out that they have exfiltrated your data – now there’s another reason to pay a ransom before they expose or sell that data. [read post]
According to the department, the measures against SUEX are the first against a virtual currency exchange for facilitating cyber ransoms. [read post]
23 Sep 2021, 11:15 am by Hunton Andrews Kurth LLP
With respect to cooperation with law enforcement, OFAC will consider whether the company provided all relevant information, including technical details, ransom payment demand, and ransom payment instructions, to the appropriate U.S. government agencies as soon as possible. [read post]
23 Sep 2021, 8:41 am by Bruce Zagaris
  The Advisory underscores that the U.S. government continues to strongly discourage the payment of cyber ransom or extortion demands. [read post]
23 Sep 2021, 8:41 am by Bruce Zagaris
  The Advisory underscores that the U.S. government continues to strongly discourage the payment of cyber ransom or extortion demands. [read post]
22 Sep 2021, 9:00 pm
After his vehicle malfunctions in the midst of the English countryside, this dad has little choice but to travel the rest of the way, through some rough terrain, by foot – all while dressed as a fish, of course.The film stars, Marvyn Dickinson (father), Jessica Ransom (mother), David Schall (farmer), Jack Waddington (son), and all offer truly compelling and enjoyable performances.Ranked 4-stars by the UK Film Review, critic Emily Davison noted, in part, as follows:“Sweet,… [read post]
22 Sep 2021, 9:31 am by Al Saikali
So, on its face, adding SUEX to the SDN List may not impact most ransom payments. [read post]
22 Sep 2021, 3:30 am by Rob Robinson
The Advisory emphasizes that the U.S. government continues to strongly discourage the payment of cyber ransom or extortion demands and recognizes the importance of cyber hygiene in preventing or mitigating such attacks. [read post]
OFAC highlights this last point by noting that “OFAC will also consider a company’s full and ongoing cooperation with law enforcement both during and after a ransomware attack — e.g., providing all relevant information such as technical details, ransom payment demand, and ransom payment instructions as soon as possible — to be a significant mitigating factor” in determining an appropriate enforcement response. [read post]