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11 Jun 2021, 3:30 am by Christopher Tyner
  This week it was reported that Colonial Pipeline paid the hackers millions of dollars in Bitcoin to recover the hijacked systems but, in an unexpected twist, the Justice Department had snatched the ransom back through digital maneuverings that have not been fully explained. [read post]
10 Jun 2021, 12:57 pm by Bruce Zagaris
J., Jun. 6, 2021, at A1. [10] Ellen Nakashima, Authorities recover about $2 million paid in ransom to pipeline hackers, Wash. [read post]
10 Jun 2021, 12:57 pm by Bruce Zagaris
J., Jun. 6, 2021, at A1. [10] Ellen Nakashima, Authorities recover about $2 million paid in ransom to pipeline hackers, Wash. [read post]
10 Jun 2021, 8:15 am by Associated Press
The world’s largest meat processing company says it paid the equivalent of $11 million to hackers who broke into its computer system late last month. [read post]
” The post DOJ announces recovery of millions paid in ransom to pipeline hackers appeared first on JURIST - News - Legal News & Commentary. [read post]
8 Jun 2021, 11:51 am by Ajay Sarma, Christiana Wayne
He also justified his decision to pay the $4.3 million ransom, saying, “I believe that restoring critical infrastructure as quickly as possible, in this situation, was the right thing to do for the country. [read post]
7 Jun 2021, 3:25 pm by Dan Goodin
The DarkSide decryptor tool was widely known to be slow and ineffective, but Colonial paid the ransom anyway. [read post]
7 Jun 2021, 2:10 pm by Ajay Sarma, Christiana Wayne
The Justice Department announced it recovered most of the $4.4 million ransom Colonial Pipeline paid to cybercriminal group Darkside after an attack on the pipeline’s systems last month, according to the New York Times. [read post]
7 Jun 2021, 1:03 pm by Associated Press
The Justice Department has recovered the majority of a multimillion-dollar ransom payment to hackers after a cyberattack that caused Colonial Pipeline to halt its operations, officials said. [read post]
7 Jun 2021, 7:42 am by Charnovitz
 9:01 AM · May 30, 2021 Paying any ransom in the #ecolonomy has negative externalities and therefore international regulation is needed. [read post]
7 Jun 2021, 6:19 am by Carol Holahan
  According to media reports, Colonial Pipeline paid $4.4 million in ransom to DarkSide to get its system back online. [read post]
4 Jun 2021, 1:41 pm by Patrick A. Salvi
Steele and Ransom Steele, who owned the banking firm CR&R Steele, Bankers, opened the first bank between Kenosha and Chicago. [read post]
3 Jun 2021, 1:54 pm by Christiana Wayne
JBS has not said whether it paid a ransom. [read post]
3 Jun 2021, 11:14 am by Aaron D. Coombs and David F. Klein
Nearly 700 years ago, England captured King John II of France and held him for ransom for four million écus. [read post]
3 Jun 2021, 8:32 am by Sara Goldstein and David Kitchen
In some ransomware attacks, if a vendor did not pay the ransom, a threat actor would contact the vendor’s clients to disclose what data was taken. [read post]
3 Jun 2021, 4:00 am by Sharon D. Nelson and John W. Simek
Their survey found that only 8% of entities get back ALL of their data after paying the ransom. 29% of those who paid the ransom got back no more than half their data. [read post]
2 Jun 2021, 6:43 am by Foley Hoag
When: Jun 17,… More The post Join Us: Cyber Risk, Hacking Ransom, and Insurance first appeared on Security, Privacy and the Law. [read post]
1 Jun 2021, 8:43 am by Kevin Scott and Donna Ruscitti
The attack has also stirred debate over whether victims should pay ransoms, whether such payments are or should be covered by the victim’s insurer, and the role of government in seeking to prevent and mitigate similar occurrences. [read post]
27 May 2021, 9:56 am by Nicholas Weaver
Multimillion-dollar ransoms, paid in Bitcoin, now seem to be commonplace. [read post]