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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Neil Hodge2023-09-07T13:21:00
Companies that think paying ransomware demands would be a better move than informing regulators of a data breach are playing with fire, according to experts.
Recent reports have indicated a cybercrime group called “Ransomed” is trying to persuade the companies it hacks that paying its cut-price ransom demands quickly—and quietly—outweighs any fine a data protection authority (DPA) might levy for breaching privacy rules such as the European Union’s General Data Protection Regulation (GDPR).
However, data privacy experts see the issue differently.
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News and analysis for the well-informed compliance or audit exec.
Annual Membership best value
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2024-01-19T21:59:00Z By Adrianne Appel
Despite its reputation as a fierce enforcer of sanctions, the Office of Foreign Assets Control has a softer side and wants to help companies that are hit with ransomware attacks, according to the agency’s senior compliance officer.
2023-10-11T20:21:00Z By Adrianne Appel
Holding on to data for longer than necessary creates vulnerabilities for businesses by giving cyberattackers more avenues to access an organization’s computer systems.
2023-10-06T17:38:00Z By Jeff Dale
MGM Resorts International said it expects to take a $100 million hit as part of the fallout of a cyberattack that has most significantly impacted its Las Vegas operations.
2024-06-27T16:37:00Z By Aaron Nicodemus
The U.S. Department of Energy released supply chain cybersecurity principles meant to help strengthen key technologies used to manage and operate electricity, oil, and natural gas systems.
2024-05-21T19:27:00Z By Adrianne Appel
The Environmental Protection Agency is increasing its inspections of public drinking water systems after finding a majority of those reviewed were vulnerable to cyberattacks and related threats.
2024-05-07T21:21:00Z By Adrianne Appel
Verizon’s annual data breach report shows trends in cybersecurity incidents, including more ransomware and extortion attacks last year.
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