Two U.S. congresswomen introduced a bill that would require ransomware victims to publicly disclose ransom payments to the federal government. Introducing the ‘Ransom Disclosure Act’ In early October, Senator Elizabeth…
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Proposed Bill Would Require Public Disclosure of Ransomware Payments
Two U.S. congresswomen introduced a bill that would require ransomware victims to publicly disclose ransom payments to the federal government. Introducing the ‘Ransom Disclosure Act’ In early October, Senator Elizabeth…
Rising Cyber Insurance Premiums Highlight Importance of Ransomware Prevention
No insurance premiums saw greater growth in the second quarter of 2021 than those related to cybersecurity. According to the Council of Insurance Agents & Brokers, cyber insurance premiums grew…
The Real Cost of Ransomware
Ransomware is an expensive cybercrime and getting more so all the time. Payouts have risen massively in the past few years. But while ransomware payment amounts make headlines, the real…
What Happens to Victims When a Ransomware Gang Vanishes?
Not long after launching a major supply chain attack in July 2021, the REvil ransomware gang went offline. The group’s infrastructure, including its surface and dark web portals used for…
How Ransomware Trends Are Changing Cyber Insurance
The world of cyber insurance is in a state of flux. The reason: ransomware creates huge financial impacts. And how it will change insurance in the future is unclear. The…
Cyber Insurers Might Be Making the Ransomware Problem Worse
In mid-May, one of the largest insurance companies in the U.S. paid $40 million to ransomware attackers. Two people familiar with the matter told Bloomberg that the malicious actors stole…