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Should Paying Ransoms to Attackers Be Banned?

Should Paying Ransoms to Attackers Be Banned?
Compliance
Compliance
Compliance
DougOlenick) •
May 24, 2021
Statement posted on CNA website after ransomware attack
Insurance company CNA s apparent decision to pay attackers a $40 million ransom and Colonial Pipeline Co. s payment of a $4.4 million ransom are stirring debate over whether such payments should be banned under federal law.
Bloomberg News reported Thursday that Chicago-based CNA had paid the hefty ransom (see:
Insurer CNA Disconnects Systems After Cybersecurity Attack ). Meanwhile, Colonial Pipeline CEO Joseph Blount confirmed Wednesday that the company had paid a ransom on May 7 after discovering an attack using DarkSide ransomware that led the company to temporarily shut down its fuel pipeline serving the East Coast. ....

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Should Paying Ransoms to Attackers Be Banned?

Should Paying Ransoms to Attackers Be Banned?
govinfosecurity.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from govinfosecurity.com Daily Mail and Mail on Sunday newspapers.

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