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This article suggests that by following the ransomware due diligence checklist set forth below, a ransomware victim who opts to pay the ransom can in the least mitigate the chances of a U.S. civil enforcement action or criminal prosecution, and perhaps even avoid U.S. government scrutiny altogether. Source: (26) A Ransomware OFAC Due Diligence Checklist | LinkedIn
The Scottish Environment Protection Agency has said it “will not engage with criminals intent on disrupting public services and extorting public funds”, as it continues to deal with a ransomware attack that has been ongoing since Christmas Eve. Some of the information stolen from the environmental regulator has now been published online, but Police Scotland […]
President Joe Biden is hiring a group of national security veterans with deep cyber expertise, drawing praise from former defense officials and investigators as the US government works to recover from one of the biggest hacks of its agencies attributed to Russian spies. Source: Joe Biden enlists ‘world class’ cybersecurity team
“In the last year, experts are saying this is close to getting out of control,” said Martin. “You have to look seriously about changing the law on insurance and banning these payments, or at the very least, having a major consultation with the industry”. Source: Former UK Cybersecurity Chief Says Laws Needed to Stop Ransomware […]
Marriott recently won dismissal of a proposed class action data breach lawsuit alleging several violations, including a violation of the California Consumer Privacy Act (CCPA). The case, Arifur Rahman v. Marriott International, Inc. et al., Case No.: 8:20-cv-00654, was dismissed in an Order by U.S. District Court Judge David O. Carter on January 12, 2021. […]
Kroll, a division of Duff & Phelps, provider of risk mitigation, investigations, compliance, cyber resilience, security and incident response solutions, announced the hiring of three seasoned cyber experts in North America and two incident response investigators in Asia Pacific to fuel the expansion of its cyber risk management capabilities globally. Kroll’s recent hires in North America […]
Incident Response Forum Ransomware 2021 panelists offer their “One Big Thing” to take away from this year’s event.
Embattled software firm SolarWinds is following an increasingly common move for organizations that suffer a serious security failure or data breach: Call in experienced, high-profile crisis experts to advise and help rebuild. Texas-based SolarWinds has hired Chris Krebs – the former U.S. government cybersecurity czar who was fired by President Donald Trump after he stated […]
Booz Allen Hamilton (NYSE: BAH) announced today that it had made a strategic investment in Tracepoint, a rapidly growing digital forensics and incident response company serving leading clients in the public and private sectors. The company, co-founded by Baton Rouge-based Plexos Group and several industry experts, specializes in supporting cyber insurance carriers, lawyers, brokers, and […]
But the situation is not as hopeless as it seems. Crucial to any successful ransomware scheme is collecting the ransom in pseudo-anonymous cryptocurrency, typically bitcoin. Stop the flow of bitcoin and ransomware attackers will have no means to anonymously, conveniently, expeditiously and securely collect their extortion demand. But how?The answer is simple. By using the effective and novel […]