Should State Governments Ban Ransomware Payments?


In 2021, North Carolina became the first state to prohibit public ransomware payments, even going so far as to ban negotiations with cyber criminals. It was a groundbreaking move. Florida followed suit in 2022, but its legislation took a less stringent approach, covering a narrower range of entities and omitting some of the stricter provisions found in North Carolina’s law.

North Carolina and Florida’s bans are the only ones that exist at the state level, but they have ignited a nationwide conversation about the best way to combat this pervasive cyber threat. Years later, experts still haven’t come to a unified conclusion about whether it’s the right approach. The heart of the matter lies in a moral and fiscal dilemma: Should governments refuse to fund criminal enterprises, even when the alternative could mean crippling disruptions to essential services like hospitals, schools and public safety?

Read more…
Source: Government Technology


Sign up for our Newsletter


Related:

  • Innovative Phishing Tactic Makes Inroads Using Azure Blob

    October 10, 2018

    A brand-new approach to harvesting credentials hinges on users’ lack of cloud savvy. A fresh tactic for phishing Office 365 users employs credential-harvesting forms hosted on Azure Blob storage – signed with legitimate Microsoft SSL certificates to lend an air of legitimacy. Azure Blob Storage is a cloud storage solution for hosting unstructured data such as images, ...

  • Over nine million cameras and DVRs open to APTs, botnet herders, and voyeurs

    October 9, 2018

    Millions of security cameras, DVRs, and NVRs contain vulnerabilities that can allow a remote attacker to take over devices with little effort, security researchers have revealed today. All vulnerable devices have been manufactured by Hangzhou Xiongmai Technology Co., Ltd.(Xiongmai hereinafter), a Chinese company based in the city of Hangzhou. But end users won’t be able to tell that ...

  • Artificial Intelligence: A Cybersecurity Tool for Good, and Sometimes Bad

    October 3, 2018

    Attractive to both white-hats and cybercriminals, AI’s role in security has yet to find an equilibrium between the two sides. Artificial intelligence is the new golden ring for cybersecurity developers, thanks to its potential to not just automate functions at scale but also to make contextual decisions based on what it learns over time. This can ...

  • Keyloggers Turn to Zoho Office Suite in Droves for Data Exfiltration

    October 2, 2018

    An extremely high number of keylogger phishing campaigns have been seen tied to the Zoho online office suite software; in an analysis, a full 40 percent spotted in the last month used a zoho.com or zoho.eu email address to exfiltrate data from victim machines. A Cofense analysis, published Tuesday, of popular keylogging malware – which records ...

  • World Cup may have distracted malware hackers

    October 2, 2018

    This holiday season, together with the 2018 World Cup that took place in Russia, may have lulled hackers, cyber security researchers are claiming. New research from Cofense says that the distribution of TrickBot saw a significant drop during the World Cup. TrickBot is a banking malware known by constantly being updated and transformed. From April, up until ...

  • GhostDNS: New DNS Changer Botnet Hijacked Over 100,000 Routers

    October 1, 2018

    Chinese cybersecurity researchers have uncovered a widespread, ongoing malware campaign that has already hijacked over 100,000 home routers and modified their DNS settings to hack users with malicious web pages—especially if they visit banking sites—and steal their login credentials. Dubbed GhostDNS, the campaign has many similarities with the infamous DNSChanger malware that works by changing DNS server settings ...