Tagged: ransomware

DOJ Battles Ransomware Attacks

The Justice Department continues to attack and dismantle global ransomware extortion organizations.  Business surveys often confirm that executives are hyper-focused on the risk of ransomware attacks against businesses. Interestingly, government regulators have focused on ransomware scenarios to ensure that regulatory restrictions on sanctions and other restrictions are not violated.  The message behind DOJ and regulatory interests is clear – if attacked, notify law enforcement right...

The Justice Department Strikes Back and Recovers Ransom Paid by Colonial Pipeline

You just can’t make this stuff up – the Justice Department, displaying its growing sophistication of the cyber world, announced it recovered most of the ransom paid to criminal hackers of Colonial Pipeline Co. (Colonial).  As you will recall, Colonial’s pipeline had been the victim of a cyberattack resulting in a shutdown of a critical supplier of gasoline, diesel and jet fuel.  Colonial paid the ransomware...

Cyber Incidents Underscore Absence of Real Private Sector Cybersecurity Standards

Sometimes it takes a public event to remind corporate risk managers about the importance of effective risk management.  While corporate risk management functions have become yet another “hot” topic or new-fangled response to corporate failures to prevent obvious risk, most organizations continue to wander in the world of reactive business planning rather than proactive prevention.  It has been fairly obvious for years that most corporate...

Cybersecurity Threats and Risks

Companies are correctly focused on cybersecurity risks.  Notwithstanding this focus, companies are struggling with how to respond to threats and risks.  Cybersecurity threats are quickly evolving – akin to the time when countries engaged in military arms races.  As they evolve, companies have to embrace proactive strategies and cannot rely on a compliance strategy that reacts to events and threats. Cyber criminals are quickly embracing...