Remove 12
Remove 2016 Remove Blog Remove Insurance Remove Ransomware
article thumbnail

Global Ransomware Attacks Raise Key Legal Considerations

Hunton Privacy

On May 12, 2017, a massive ransomware attack began affecting tens of thousands of computer systems in over 100 countries. The ransomware, known as “WannaCry,” leverages a Windows vulnerability and encrypts files on infected systems and demands payment for their release. Litigation.

article thumbnail

MY TAKE: A primer on how ransomware arose to the become an enduring scourge

The Last Watchdog

Stunning as these two high-profile attacks were, they do not begin to convey the full scope of what a pervasive and destructive phenomenon ransomware has become – to individuals, to companies of all sizes and, lately, to poorly defended local agencies. Probing and plundering Ransomware is highly resilient and flexible.

article thumbnail

An Approach to Cybersecurity Risk Oversight for Corporate Directors

Data Matters

Board-management discussions about cyber risk should include identification of which risks to avoid, which to accept, and which to mitigate or transfer through insurance, as well as specific plans associated with each approach. Principle 5. on weekdays) or to control time-sensitive activities.