Comparing US And EU Approaches To Paying Cyber Ransoms
Law360 (January 23, 2020, 5:51 PM EST) -- Ransomware attacks continue to proliferate across the globe and it is expected that 2020 will see continued attacks. Trend Micro Inc. reported a 77% surge in ransomware attacks during the first half of 2019, and Ankura Consulting Group LLC reported that ransomware attacks increased from 27% to 43% of all cyber incidents in 2019.
More and more organizations are responding to such attacks by paying the ransom demand, often because payment seems the fastest, most cost-effective route to recovering their data and resuming normal business operations. CrowdStrike Holdings Inc.'s 2019 Global Security Attitude Survey found that the number of global organizations paying...
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