Biden Cyber Reporting Act Requires Ransomware Notice from Banks

Emily Parkin

Most banks and their service providers are familiar with the final rule governing notice for “notification incidents” and “cyber security incidents.” With compliance due by May 1, 2022, the rule establishes standards and deadlines for service providers to notify banks of such incidents and for banks to notify their primary federal regulator […]

The Human Cost Of Ransomware

Emily Parkin

CEO and founder of Illusive Networks, a leader in active cyber defense. getty This past September, the world was shocked to read a lawsuit claiming that a baby in Alabama had died at the hands of ransomware. On July 16, Springhill Medical Center was in the midst of an attack that […]

On Ransomware, Cyber Command Should Take a Backseat

Emily Parkin

Over the past month, the Biden Administration has achieved some needed momentum in the fight against ransomware. As attention to ransomware grows, however, policymakers must avoid the temptation to overmilitarize the U.S. response. Investment in anti-ransomware operations at the Department of Defense’s Cyber Command should be balanced with investment that […]

US charges 2 suspected major ransomware operators

Emily Parkin

WASHINGTON — A suspected Ukrainian hacker has been arrested and charged in the United States in connection with a string of costly ransomware attacks, including one that snarled businesses around the globe on the Fourth of July weekend, U.S. officials said Monday. Yaroslav Vasinskyi was arrested last month after traveling […]