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
Related:
- Adwind RAT Scurries By AV Software With New DDE Variant
September 24, 2018
A newly-discovered spam campaign is spreading the Adwind 3.0 remote-access tool (RAT) – and using a fresh take on the Dynamic Data Exchange (DDE) code-injection technique for anti-virus evasion. The spam campaign features two types of droppers that leverage a new variant to the already-known DDE code-injection attack on Microsoft Excel – enabling them to bypass ...
- Tesco Bank facing £30m fine from FCA over 2016 cyber attack
September 24, 2018
Tesco Bank could be fined as much as £30 million over its 2016 cyber attack that compromised the accounts of at least 40,000 of its seven million customers. The attack in November 2016 is one of the most serious ever on a UK retail bank, with money stolen from 20,000 accounts over one weekend – some customers seeing ...
- New Virobot malware works as ransomware, keylogger, and botnet
September 21, 2018
A newly discovered malware strain is a multi-tasking threat that besides working as ransomware and encrypting users’ files, it can also log and steal their keystrokes, and add infected computers to a spam-sending botnet. This new threat is named Virobot and appears to be under development, and comprised of multiple components that allow it to work ...
- Mirai Botnet Creators Helping FBI Fight Cybercrime to Stay Out of Jail
September 19, 2018
Three young hackers who were sentenced late last year for creating and spreading the notorious Mirai botnet are now helping the FBI to investigate other “complex” cybercrime cases in return to avoid their lengthy prison terms. Paras Jha, 21 from New Jersey, Josiah White, 20 from Washington, and Dalton Norman, 21 from Louisiana, plead guilty in December 2017 to multiple ...
- Cybercrime: Ransomware remains a ‘key’ malware threat says Europol
September 18, 2018
Targeted attacks replace spam campaigns, but Europol’s annual cybercrime report also warns that cryptojacking malware “may overtake ransomware as a future threat”. Ransomware remains the top malware threat to organisations, causing millions of dollars of damage and remaining a potent tool for cyber criminals and nation-state attackers. The rise of highly targeted file-locking malware campaigns and the ...
- US State Department confirms: Unclassified staff email boxes hacked
September 18, 2018
The US State Department has confirmed one of its email systems was attacked, potentially exposing the personal information of some of its employees. Uncle Sam’s officials said in a statement to The Register on Tuesday that “suspicious activity” in its email system led it to send out warnings to a number of employees whose personal information may have ...