ransomware payments
About $1 billion ransomware payments made in 2021 in United States
According to a finding of Treasury Department Data shared with world renowned news resource CNN, about $1 billion ransomware payments were made across the United States in the year 2021; probably the most ever reported in the history of cyber crime. Treasury’s Financial Crimes Enforcement Network (FinCEN) report states that most of the crime was […]
Civil Penalties to those who pay for ransomware attacks
From now on, just think twice before making a ransomware payment as a new US law drafted by the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has chosen to impose a civil penalty to ransomware victims who are making a payment to hackers. Thus, from now and in accordance with […]
Research confirms only half of Ransomware payments are honored
Have you been a victim of a ransomware attack? Then think twice before paying to the hackers or ransomware authors, as a recent study says that only half of the ransomware payments are honored. CyberEdge Group which carried out a research on 1200 corporate respondents has confirmed that only half of the ransomware victims were […]
