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4 Jul 2021, 11:19 am by Nicholas Weaver
  Few people other than criminals are substantial net sellers, who attempt to turn ransoms or other illegal payments into a usable form. [read post]
Now, however, healthcare organizations are faced with an extra diabolical twist – in addition to the operational disruption, threat actors are now routinely stealing data and threatening to publish it online as an extra inducement for a ransom payment. [read post]
29 Jun 2021, 3:14 am by Rob Robinson
Although it is a societal problem, cyber insurers have received considerable criticism for facilitating ransom payments to cybercriminals. [read post]
24 Jun 2021, 8:51 am by Catherine David
In conjunction with providing essential guidance to private entities, the memo also highlights the government’s efforts to develop cohesive and consistent policies towards ransom payments, enable rapid tracing and interdiction of virtual currency proceeds, and work with the international community to hold countries that harbor ransomware actors accountable. [read post]
22 Jun 2021, 10:20 am by John Floyd
  The code criminalizes acts using interstate communications to:   Elicit a ransom or reward for a kidnapped person. [read post]
22 Jun 2021, 6:09 am by Associated Press
The U.S. government offers a little-noticed incentive for those who do pay after ransomware attacks: The ransoms may be tax deductible. [read post]
20 Jun 2021, 3:43 pm by Sabrina I. Pacifici
According to blockchain research firm Chainalysis, ransom payments from companies increased 341 percent to a total of $412 million during 2020. [read post]
18 Jun 2021, 6:26 pm by Stewart Baker
Paul Rosenzweig lays out the much more obscure facts underlying the FBI’s recovery of much of the ransom paid by Colonial Pipeline. [read post]
18 Jun 2021, 4:00 am by Legal Talk Network
The ransom is usually paid to these attackers through cryptocurrencies like Bitcoin, impairing the ability to trace the transaction back to the perpetrator. [read post]
16 Jun 2021, 3:23 pm by Sabrina I. Pacifici
According to blockchain research firm Chainalysis, ransom payments from companies increased 341 percent to a total of $412 million during 2020. [read post]
16 Jun 2021, 9:10 am by VPM Legal
  On a regular basis, company websites, databases, and networks have been hacked by third parties, and for a wide variety of reasons: to “ransom” the data, to frustrate/punish the company, or even simply for the challenge of it. [read post]
15 Jun 2021, 8:03 am by Tilem & Associates
Apparently, the defendant and several others allegedly kidnapped the complaining witness and called several of their friends, asking for a ransom. [read post]
15 Jun 2021, 3:00 am by Lynn Jokela
  Among other things, one of the items covered in the memo relates to how increased ransom payments have placed strains on the insurance industry. [read post]
14 Jun 2021, 5:53 pm by Stewart Baker
Paul Rosenzweig lays out the much more obscure facts underlying the FBI's recovery of much of the ransom paid by Colonial Pipeline. [read post]
14 Jun 2021, 5:18 pm by Bruce Zagaris
  In that regard, it states that it will “identify, disrupt, and hold to account those within its borders who conduct ransomware attacks, abuse virtual currency to launder ransoms, and other cybercrimes. [read post]
14 Jun 2021, 5:18 pm by Bruce Zagaris
  In that regard, it states that it will “identify, disrupt, and hold to account those within its borders who conduct ransomware attacks, abuse virtual currency to launder ransoms, and other cybercrimes. [read post]
14 Jun 2021, 2:34 pm by Kevin LaCroix
“Monies to pay the ransom demands…” can mean a whole lot of things to a whole lot of people. [read post]
14 Jun 2021, 8:09 am by Devin DeBacker
Currently, there is no single federal requirement and no uniform process for private companies to report cyberattacks and incidents to the federal government. [read post]