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Posts Tagged ‘ransom payments’

Fears that cyber insurance coverage drives companies into paying ransomware demands more easily than otherwise appear unfounded, concludes a British think tank study that suggests insurers should do more to enact corporate discipline. The study, published Monday by the Royal United Services Institute, also concludes that the U.K. government’s “black-and-white position on ransom payments” – […]

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As ransomware continues to pummel organizations left, right and center, two states have responded by banning certain types of ransom payments, and more look set to soon follow suit. But in the words of one expert, the bans could have “terrible consequences.” Two such laws are already on the books, in effect since May in […]

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A Russian national accused of laundering proceeds from Ryuk ransomware pleaded not guilty during his first U.S. court appearance Wednesday after extradition from the Netherlands. Denis Mihaqlovic Dubnikov, 29, allegedly laundered more than $400,000 worth of ransom payments often obtained from hospitals. Cybercriminals deploying Ryuk went on a fall 2020 ransomware binge that seized the […]

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