ransomware payments | DataProtectionCenter.com

Governments should not pay ransoms, International Counter Ransomware Initiative members agree

02

Nov

2023

The members of the International Counter Ransomware Initiative (CRI) have agreement a joint policy statement declaring that member governments should not pay ransoms demanded by cybercriminal groups. The agreement was announced during the third CRI summit in Washington, D.C this week. CRI members affirmed the importance of strong and aligned messaging discouraging paying ransomware demands […]

Category Cyber-crime Malware Written by Csoonline 0 Comments

US banks processed over $1 billion in ransomware payments last year

02

Nov

2022

Banks in the United States processed almost $1.2 billion in ransomware(opens in new tab) payments last year, a new report has claimed. The Financial Crimes Enforcement Network (FinCEN) drew on data from the ransomware-related Bank Secrecy Act (BSA) filings throughout 2021, and found such incidents have increased “substantially” year-on-year, with roughly 75% of the reported […]

Category Cyber-crime Malware Written by Techradar 0 Comments

US Treasury Department ban on ransomware payments puts victims in tough position

22

Oct

2020

Earlier this month, the US Treasury Department’s Office of Foreign Assets Control (OFAC) warned organizations making ransomware payments that they risk violating economic sanctions imposed by the government against cybercriminal groups or state-sponsored hackers. The advisory has the potential to disrupt the ransomware monetization model, but also puts victims, their insurers and incident response providers […]

Category Threats & Malware Virus & Malware Written by Csoonline 0 Comments

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Governments should not pay ransoms, International Counter Ransomware Initiative members agree

US banks processed over $1 billion in ransomware payments last year

US Treasury Department ban on ransomware payments puts victims in tough position

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