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Ransomware Payment

Lock and money on laptop keyboard showing ransomware payments ban
Cyber SecurityNews

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.
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Bitcoin coin standing on other cryptocurrency showing recovery of ransomware payment
Cyber SecurityNews

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.
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Girls take shelter with umbrellas from strong wind and rain showing cyber insurance coverage for ransomware payment
Cyber SecurityNews

“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.
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Iron chain fastened with a padlock on a computer keyboard showing ransomware reporting for financial institutions
Cyber SecurityNews

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.
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Latest

Virtual locks on laptop screen showing Europe and post quantum computing

Why Europe Needs to Prioritize the Switch to Quantum-Safe Encryption

Police car siren flashing blue in the night showing third-party data breach

Greater Manchester Police Investigating a Third-Party Data Breach From a Ransomware Attack

Locks on laptop screen showing Iranian hackers target defense organizations with password spraying attacks

Iranian Hackers Use Password Spray Attacks to Compromise Defense Organizations, Pharmaceutical Firms

Jet engine from Airbus showing data breach involving compromised account

Airbus Data Breach from a Partner Airline’s Compromised Account Leaks Confidential Information

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