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13 May 2021, 12:48 pm by Craig A. Hoffman and Elise Elam
Documentation – identify what insurance carrier(s) (e.g., cyber, kidnap/ransom) will require to give consent to ransom payment and to reimburse (e.g., “business case” for payment, OFAC clearance report). [read post]
5 Dec 2018, 2:05 pm by Sean Gallagher
"The ransom note directed the City of Atlanta to a particular Bitcoin address to pay the ransom and supplied a web domain that was only accessible using a Tor browser," a Department of Justice spokesperson said in a statement. [read post]
16 Oct 2021, 7:05 am
Among other things, they note that paying the ransom encourages future attacks against the victim company and others, and does not guarantee the restoration of data or the return of stolen data without public disclosure. [2] (more…) [read post]
26 Aug 2021, 3:15 am by Liz Dunshee
– 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 Feb 2010, 1:00 pm by Donn Zaretsky
"The Guardian's report confirms a number of frequently discussed issues related to stolen art and ransoms. [read post]
8 Feb 2010, 11:42 am by Jacob Katz Cogan
Contents include:Paul Todd, Piracy for ransom: insurance issuesBrian Spielman, ‘Warships’ in the North Sea Continental Shelf cases: Why the definition of ‘warship’ for determining sovereign immunity settled 25 years ago [read post]
9 Aug 2022, 7:58 am by Patrick H. Haggerty and Elise Elam
On July 29, the New York Department of Financial Services (NYDFS) released Draft Amendments to its Part 500 Cybersecurity Rules that include a number of significant amendments to the rules, including notification requirements such as a mandatory 24-hour notification for cyber ransom payments, specific requirements for newly defined larger entities, increased expectations for oversight of cybersecurity risk, additional requirements for incident response plans (IRPs), business continuity and… [read post]
17 Aug 2017, 6:17 pm by Inside Privacy
WannaCry encrypted files on victim computers and demanded a ransom payable in bitcoin to provide the encryption key. [read post]
13 May 2007, 6:38 am
This is especially true because there are now splinter groups in MEND, largely the result of arguments over how ransom money should be split up. [read post]
7 Sep 2017, 11:03 am by Jim Calloway
One thing that has changed since we recorded the podcast is that the ability to “pay the ransom” (if you are so inclined) is now often nonexistent. [read post]
10 Sep 2015, 1:33 pm by Dan Goodin
Not long after, the user will be prompted to pay a $US500 ransom for allegedly viewing and harboring forbidden pornographic material. [read post]
26 Oct 2007, 12:56 pm
The average customer spends $19,000 a year on the insurance, which may also cover yachts, art collections and ransom demands. [read post]
3 Jul 2022, 11:31 am by Barhoma Law
’s client: In 1986, Jose Garcia and his crime partners kidnapped two victims who owed them money, held them for ransom, and beat them. [read post]
3 Jul 2022, 11:31 am by Barhoma Law
’s client: In 1986, Jose Garcia and his crime partners kidnapped two victims who owed them money, held them for ransom, and beat them. [read post]
11 Jan 2017, 2:42 pm by Cyrus Farivar
According to a Wednesday statement from an LACCD spokesman, district officials concluded that it was worth it to pay the ransom—in part, because the district has an insurance policy that covers such incidents. [read post]
30 Apr 2012, 10:58 am by David Lat
Ransom, Linda Ransom, Linklaters, Maria Emanuelli, Marshall Stoddard, Morgan Lewis, Morgan Lewis & Bockius, Musical Chairs, Partner Issues, Peter Gray, Stephen Dicarmine, Steve DiCarmine, Wendy A. [read post]