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21 Sep 2021, 12:30 pm
In response, the Treasury also plans to identify other exchanges tied to illegal activity and update its ransomware guidance for victims to include a warning advising companies not to pay any ransom demanded by hackers. [read post]
20 Sep 2021, 8:05 am
FINRA, Crypto, Covid, and Outside Business Activities (BrokeAndBroker.com Blog)Treasury Takes Robust Actions to Counter Ransomware / Targets First Virtual Currency Exchange for Laundering Cyber Ransoms/ OFAC Updates Ransomware Advisory to Encourage Reporting and Cyber Resilience (United States Department of the Treasury Press Release)SEC Obtains Judgment Against Fund Manager and Bars Him from Appearing or Practicing Before the SEC (SEC Release)SEC Charges Crowdfunding Portal, Issuer, and… [read post]
13 Sep 2021, 5:24 am
Unfortunately, some victims have had to pay ransom demands when data could be recovered without honoring the ransom demand, as was with the major ransomware attack of 2017 depicted in figure 1 (See Complete Paper). [read post]
Thwarting Architectural Imbalance? Considering Dynamic Distributed Secure Storage Against Ransomware
12 Sep 2021, 8:04 am
Why is hijacking local storage and ransoming it to the owner much easier than attempting to ransom the communication links? [read post]
12 Sep 2021, 7:01 am
First, cryptocurrencies make for safe and easy ransom payments. [read post]
3 Sep 2021, 7:45 am
Cyber threat actors threaten to publish the business’ sensitive information if the ransom is not paid. [read post]
2 Sep 2021, 3:30 am
In what circumstances would you pay the ransom? [read post]
30 Aug 2021, 1:44 pm
Maharaj & Lo Porto v Richard Davidoff (Tribunal appointed manager) LON/00AL/LSC/2020/0111 (decision here) A cautionary tale of a Tribunal appointed manager behaving badly and a reminder that the appointed manager’s duty is to carry out what is in the order appointing them, and that they answer to the Tribunal as an officer of the Tribunal. [read post]
27 Aug 2021, 1:05 pm
IS-K acquires some financial backing through various sources including the exploitation of natural resources, the narcotics trade, taxing the local population and kidnapping for ransom. [read post]
26 Aug 2021, 3:15 am
– While the average ransom payment was almost a quarter million dollars, a few large ransom payments (more than $1 million) skewed the average. [read post]
26 Aug 2021, 3:00 am
Roughly $350 million in ransom was paid to malicious cyber actors in 2020, a more than 300% increase from the previous year. [read post]
25 Aug 2021, 11:14 am
The ransomware one-two punch of business continuity impact and potential theft of data with a threat to release the data publicly if the ransom is not paid can be especially devastating for businesses. [read post]
24 Aug 2021, 3:36 pm
Encrypted data and demanded a ransom. [read post]
23 Aug 2021, 8:14 am
These methods can be broadly categorized into taxation and extortion activities, state sponsorship, donations from wealthy individuals, kidnapping for ransom, and, of course, the drug trade. [read post]
19 Aug 2021, 12:21 pm
ALPHA RANSOM, Appellant, v. [read post]
17 Aug 2021, 9:03 pm
The meeting came after Tyson competitor JBS reportedly paid $11 million in cyber ransom. [read post]
17 Aug 2021, 10:23 am
In early 2020, “cybercriminals orchestrated a two-part ransomware attack on Blackbaud’s systems,” copying plaintiffs’ data and holding it for ransom. [read post]
17 Aug 2021, 8:35 am
Under Section 1201(a)(1), federal kidnapping requires kidnapping or holding "for ransom or reward or otherwise" a person while traveling in interstate or foreign commerce. [read post]
16 Aug 2021, 8:05 am
Blackbaud paid a Bitcoin ransom to the cybercriminals in exchange for their representation that they would destroy the exfiltrated data. [read post]
11 Aug 2021, 12:52 pm
But that, in turn, only poses the larger question of why governments tolerate ransom payments at all. [read post]
