ransomware payments
Insurance Companies May Halt Ransomware Payment Coverage Amid White House Push
In the coming days, insurance companies might reconsider their approach to funding ransomware payments, as a White House official has called for a mandatory directive on the matter. This topic was raised at the 4th Annual International Counter Ransomware Initiative summit in the U.S., which brought together representatives from over 68 member nations to explore […]
Civil Penalties to those who pay for ransomware attacks
From now on, just think twice before making a ransomware payment as a new US law drafted by the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has chosen to impose a civil penalty to ransomware victims who are making a payment to hackers. Thus, from now and in accordance with the […]
Research confirms only half of Ransomware payments are honored
Have you been a victim of a ransomware attack? Then think twice before paying to the hackers or ransomware authors, as a recent study says that only half of the ransomware payments are honored. CyberEdge Group which carried out a research on 1200 corporate respondents has confirmed that only half of the ransomware victims were […]
