Federal Legislation Considers Banning Ransom Payments to Hackers
The year 2021 continues to reveal an alarming rise in ransomware attacks. Two of the most notable of such attacks include the ransomware attack on CNA Financial Corp., with resulting payment of $40 million in ransom, and the attack on Colonial Pipeline Co., with a ransom payment of $4.4 million. By: Faegre Drinker Biddle Reath LLP
Federal Legislation Considers Banning Ransom Payments to Hackers
The year 2021 continues to reveal an alarming rise in ransomware attacks. Two of the most notable of such attacks include the ransomware attack on CNA Financial Corp., with resulting payment of $40 million in ransom, and the attack on Colonial Pipeline Co., with a ransom payment of $4.4 million. By: Faegre Drinker Biddle Reath LLP