What GCs Need To Know About Ransomware Attacks

Law360, Chicago (March 9, 2016, 12:00 AM EST) -- Hackers are increasingly holding systems and data hostage while demanding a payout, with one think tank calling 2016 "the year ransomware holds America hostage." But this new crime wave requires a different approach to cybersecurity than your standard data breach prevention plan.

The Institute for Critical Infrastructure Technology's newly released "Ransomware Report" describes the most common types of malware and warns that such attacks are becoming increasingly common. In the typical enterprise attack, hackers deploy malware that encrypts data, critical system files or both and demands a payment to unlock them. Some companies discover they've fallen victim when entire information technology...

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