Cryptocurrency Fraud , Fraud Management & Cybercrime , Ransomware

Banning Ransoms: The Evolving State of Ransomware Response

Also: Hiring Employees in Wartime and the Need for Clarity in Crypto Regulation
Banning Ransoms: The Evolving State of Ransomware Response

The latest edition of the ISMG Security Report explore the possible unintended consequences of banning ransom payments, the challenges of opening a cyber intel firm during wartime, and the need for more clarity in the regulation of cryptocurrency firms.

In this report, you'll hear (click on player beneath image to listen):

  • ISMG's Mathew Schwartz discuss whether the decision by lawmakers in two U.S. states to ban local and state government agencies, and sometimes schools and universities, from paying ransoms will create more problems than it solves;
  • ISMG's Jeremy Kirk describe the challenges that Alex Holden of Hold Security faced and continues to contend with in deciding to open a branch of his cyber intel firm in Ukraine during wartime;
  • Ari Redbord, an ISMG contributor and legal and government affairs lead at the blockchain analytics firm TRM Labs, outline the need for further clarity from regulators following the sanctioning of cryptocurrency mixer Tornado Cash.

The ISMG Security Report appears weekly on this and other ISMG websites. Don't miss the Aug. 18 and Aug. 25 editions, which respectively discuss how ransomware groups' shakedown tactics are evolving and whether ransomware-as-a-service groups are in decline.

Theme music for the ISMG Security Report is by Ithaca Audio under a Creative Commons license.

Around the Network

Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing, you agree to our use of cookies.