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Ransomware: The Good, the Bad and the Ugly
Ransomware has quickly emerged as a billion dollar industry and shows no sign of slowing down. 2016 statistics indicate that 40% of spam email contained ransomware, representing 60% of infections. Every 40 seconds, a company gets hit with ransomware and payouts are significantly higher than consumer focused cyber extortion, with payments ranging from $17,000 to $150,000. And just recently, countries in Europe and elsewhere were hit with a massive ransomware attack by the WannaCry malware. Fortunately, the U.S. was mostly spared. See, “The WannaCry Attack: A Wake-up Call for Organizational Information Governance?,” elsewhere in this issue.
So why is ransomware the ubiquitous nuisance it is? Simple: It works. Over 70% of companies pay the ransom.
Ransomware is particularly successful in industries that have a sense of urgency and reliance on encrypted data, and those industries tend to be heavily regulated just for good measure. This oversight and criminal targeting puts industries such as financial services, healthcare providers, and law firms in a cyber vice, squeezing out juicy ransom payments.
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Major Differences In UK, U.S. Copyright Laws
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
The Article 8 Opt In
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Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
Removing Restrictive Covenants In New York
In Rockwell v. Despart, the New York Supreme Court, Third Department, recently revisited a recurring question: When may a landowner seek judicial removal of a covenant restricting use of her land?
Legal Possession: What Does It Mean?
Possession of real property is a matter of physical fact. Having the right or legal entitlement to possession is not "possession," possession is "the fact of having or holding property in one's power." That power means having physical dominion and control over the property.