Anonymous Online Misconduct practice area category
Anonymous Online Misconduct practice area categoryAnonymous Online Misconduct

Lawyer Monthly Q&A: Should Companies Pay Data Hacking Ransoms?

Resources & Self-Education   |   Friday, August 05, 2016

In the 21st century, a new form of kidnapping has arisen: data ransoming. Hackers can gain access to digital assets and information through a company’s server or emails, and can threaten to disclose it or destroy it unless they are paid an exorbitant ransom. Lawyer Monthly featured Karl Kronenberger in a Q&A article discussing this issue.

“For companies, the first solution is to have state-of-the-art technology defenses, which involves getting experts to look at your network, analyzing it for risks of intrusion and educating employees,” Mr. Kronenberger said.

In the article, Mr. Kronenberger outlined possible solutions to this issue, both on a regulatory and a corporate level. On a large scale, governments can discourage businesses from paying ransoms for data through financial sanctions and restrictions. Until such policies are implemented, companies can prevent data ransoming through strategies such as having secure backups, training employees on malware, developing policies concerning macro scripts in attachments and limiting software installation privileges.

Read full article.

This entry was posted on Friday, August 05, 2016 and is filed under Resources & Self-Education, Internet Law News.






Related articles

Anonymous Online Misconduct
Anonymous Online Misconduct practice area category
Gregory Alexander Pleads Guilty to Criminal Hacking Charge

Today criminal defendant Gregory Alexander pled guilty to unlawfully accessing the email account of victim Randall Hough, under 18 U.S.C. Section 2701(a)(1) (Unauthorized Access to...

Read More

Anonymous Online Misconduct
Anonymous Online Misconduct practice area category
Be Careful What You Click On

That URL Typo Can Break Your Bank Account By Karl Kronenberger Partner, Kronenberger Rosenfeld It’s an easy mistake to make, and it can be costly...

Read More

Anonymous Online Misconduct
Anonymous Online Misconduct practice area category
Lawyer Monthly Q&A: Should Companies Pay Data Hacking

In the 21st century, a new form of kidnapping has arisen: data ransoming. Hackers can gain access to digital assets and information through a company’s...

Read More

Anonymous Online Misconduct
Anonymous Online Misconduct practice area category
The Legal Perils of Pinterest: How you can

Pinterest and Copyright Infringement Along with friending, liking, Digging and tweeting, many social media users have now added “pinning” to their daily to-do lists. According...

Read More

Open Newsletter Signup Popup