Ransomware Payment

“Cyber Insurance Gap” Growing as 80% Of Business Coverage Below Median Ransomware Payment Demand

September 7, 2022

Only 55% of the organizations surveyed are carrying any cyber insurance at all. And of those that are insured, just under 20% have more than $600,000 in coverage; not enough to meet the usual ransomware payment, let alone the potential cleanup costs.

Lock and money on laptop keyboard showing ransomware payments ban

Cyber Security News

Patchwork of US State Regulations Becomes More Complex as Florida, North Carolina Ban Ransomware Payments

August 19, 2022

North Carolina and Florida have banned ransomware payments for government agencies. Pennsylvania, New York, Texas, Arizona and New Jersey have also had bills of this nature recently come up for consideration.

Iron chain fastened with a padlock on a computer keyboard showing ransomware reporting for financial institutions

Cyber Security News

New Ransomware Reporting Rules for US Financial Institutions: Proposed Bill Would Require Government Permission for Payments Over $100,000

November 18, 2021

A new ransomware reporting bill introduced to the House of Representatives proposes putting new requirements on financial institutions, some of which are likely to be controversial. Any payment of over $100,000 would require the victim to first obtain special permission from the US Treasury.

Bitcoin coin standing on other cryptocurrency showing recovery of ransomware payment

Cyber Security News

FBI Recovers $2.3 Million of Colonial Pipeline Ransomware Payment; Some Questions About the Attack Answered

June 10, 2021

A little over half of the $4.4 million Colonial Pipeline ransomware payment has been recovered by the FBI, and in the process some questions about the source of the attack may have been answered.

Ransomware Payment

“Cyber Insurance Gap” Growing as 80% Of Business Coverage Below Median Ransomware Payment Demand

Patchwork of US State Regulations Becomes More Complex as Florida, North Carolina Ban Ransomware Payments

New Ransomware Reporting Rules for US Financial Institutions: Proposed Bill Would Require Government Permission for Payments Over $100,000

FBI Recovers $2.3 Million of Colonial Pipeline Ransomware Payment; Some Questions About the Attack Answered

Comprehensive EU Cyber Security Law in the Pipeline

Fourth Draft of India Data Protection Bill Proposes Government Exception From All Provisions

Three Ways To Safeguard Higher Education Establishments From Cyberattacks