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27 Feb 2023, 8:59 am
The FATF has completed research that analyses the methods that criminals use to carry out their ransomware attacks and how they launder ransom payments. [read post]
24 Feb 2023, 11:41 am
For example, under s.279(1)(c), the mens rea that the Crown must prove in order to obtain a conviction must include that specific purpose of holding the victim for ransom. [read post]
24 Feb 2023, 8:48 am
Ransomware Attacks: Ransomware attacks are a type of cyber attack in which cyber criminals encrypt sensitive files and demand a ransom payment in exchange for the decryption key. [read post]
16 Feb 2023, 7:26 am
Ransomware is software that is harmful to a computer network or server because it prevents users from accessing their systems and demands a ransom to restore access. [read post]
9 Feb 2023, 2:16 pm
Members of the Trickbot Group publicly gloated over the ease of targeting the medical facilities and the speed with which the ransoms were paid to the group. [read post]
9 Feb 2023, 2:01 am
In July 2022, the FBI penetrated Hive’s computer networks, captured its decryption keys, and, over the course of the ensuing months, offered the decryption keys to victims worldwide, preventing these victims from having to pay $130 million in ransom that Hive demanded. [read post]
7 Feb 2023, 6:47 pm
“Florida state court system, US, EU universities hit by ransomware outbreak”: James Pearson and Raphael Satter of Reuters have a report that begins, “A global ransomware outbreak has scrambled servers belonging to Florida’s Supreme Court and several universities in the United States and Central Europe, according to a Reuters analysis of ransom notes posted online to stricken servers. [read post]
3 Feb 2023, 1:32 pm
A company’s cyberinsurance policy may also interact with its kidnap, ransom and extortion (KRE) policy, as a cyberattack or data breach may lead to ransom demands or other types of extortion. [read post]
3 Feb 2023, 7:19 am
It obtained PII belonging to current and former employees, including the plaintiff, and attempted to ransom it. [read post]
3 Feb 2023, 5:26 am
However, with a decline in the number of victims choosing to pay a ransom, threat actors are trying different approaches. [read post]
1 Feb 2023, 1:45 pm
However, we are seeing a change in the overall willingness of companies (or their insurers) to pay a portion of the ransom – or pay the full ransom. [read post]
27 Jan 2023, 11:24 am
After a victim pays, affiliates and administrators split the ransom 80/20. [read post]
27 Jan 2023, 7:24 am
The group extorted millions of dollars in cryptocurrency through ransom payments. [read post]
27 Jan 2023, 5:09 am
In short, the law requires certain entities in the critical infrastructure sector to report to the Department of Homeland Security (DHS): a covered cyber incident not later than 72 hours after the covered entity reasonably believes the incident occurred, and any ransom payment within 24 hours of making the payment as a result of a ransomware attack (even if the ra [read post]
24 Jan 2023, 7:32 am
Among the reasons to think it might also be real is resistance to paying ransoms on the part of companies and their insurers, who are especially concerned about liability for payments to sanctioned ransomware gangs. [read post]
23 Jan 2023, 4:55 pm
Among the reasons to think it might also be real is a growing resistance to paying ransom on the part of companies and their insurers, who are especially concerned about liability for payments to sanctioned ransomware gangs. [read post]
20 Jan 2023, 9:05 am
Paying a ransom also does not mean an end to the ordeal. [read post]
19 Jan 2023, 5:00 am
A message or text file is usually left with instructions on how to contact the attacker to pay a ransom for the decryption key. [read post]
9 Jan 2023, 3:22 am
Among other things, the CRTF’s report established Singapore’s national position on ransom payments, which is that payment of ransom to ransomware attackers is strongly discouraged. [read post]
3 Jan 2023, 5:31 am
We initially set out to compare the length of operational disruptions for healthcare providers who did and did not pay the ransom. [read post]
