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:
- EternalBlue Exploit Used in Retefe Banking Trojan Campaign
September 22, 2017
Criminals behind the Retefe banking Trojan have added a new component to their malware that uses the NSA exploit EternalBlue. The update makes Retefe the latest malware family to adopt the SMBv1 attack against a patched Windows vulnerability, and could signal an emerging trend, said researchers at Proofpoint. Earlier this year, researchers at Flashpoint observed the TrickBot ...
- More data lost or stolen in first half of 2017 than the whole of last year
September 20, 2017
More data records have been lost or stolen during the first half of 2017 (1.9 billion) than all of 2016 (1.37 billion). Digital security company Gemalto’s Breach Level Index (PDF), published Wednesday, found that an average of 10.4 million records are lost or stolen every day. During the first half of 2017 there were 918 reported data ...
- Banker helped gang launder £16m for cybercriminals
September 20, 2017
A gang of five men, including a corrupt banker, have pleaded guilty to their part in laundering more than £16m for international cybercriminals. Using their man on the inside at Barclays, the gang set up around 400 bank accounts over a three-year period, according to the UK’s National Crime Agency. They shuffled stolen funds through these accounts ...
- Vevo Music Video Service Hacked — 3.12TB of Internal Data Leaked
September 15, 2017
OurMine is in headlines once again—this time for breaching the popular video streaming service Vevo. After hunting down social media accounts of HBO and defacing WikiLeaks website, the infamous self-proclaimed group of white hat hackers OurMine have hacked Vevo and leaked about 3.12 TB worth of internal files. Vevo is a joint venture between Sony Music Entertainment, Universal Music Group, Abu ...
- Equifax hack: Britons among 143 million people to have their details compromised
September 8, 2017
Credit agency Equifax has admitted that data from 143 million customers may have been compromised in a security breach earlier this year. US, UK and Canadian residents are among those to have their details accessed through a website application vulnerability. The attack was discovered to have run from mid-May until 29 July, but the US company has ...
- Dragonfly 2.0: Hacking Group Infiltrated European and US Power Facilities
September 7, 2017
The notorious hacking group that has been in operation since at least 2011 has re-emerged and is still interested in targeting the United States and European companies in the energy sector. Yes, I am talking about the ‘Dragonfly,’ a well-resourced, Eastern European hacking group responsible for sophisticated cyber-espionage campaigns against the critical infrastructure of energy companies in different ...

