{"id":188,"date":"2020-08-29T00:15:17","date_gmt":"2020-08-28T21:15:17","guid":{"rendered":"https:\/\/fierceonlinevideo.com\/?p=188"},"modified":"2020-08-29T00:15:17","modified_gmt":"2020-08-28T21:15:17","slug":"russian-cybercrime-suspect-arrested-for-1-million-ransomware-conspiracy","status":"publish","type":"post","link":"https:\/\/fierceonlinevideo.com\/security\/russian-cybercrime-suspect-arrested-for-1-million-ransomware-conspiracy\/","title":{"rendered":"Russian cybercrime suspect arrested for $ 1 million ransomware conspiracy"},"content":{"rendered":"
Here\u2019s a cybercrime conspiracy story that makes a difference.<\/p>\n
As we write about network-wide ransomware attacks that blackmail the entire company at once, two burning issues immediately arise:<\/p>\n
The answers vary, but as you\u2019ve probably read about this Naked Security, modern ransomware criminals often use two-way tightening technology when trying to maximize their asking price.<\/p>\n
First, thieves steal a number of corporate files that threaten to disclose or sell to other thugs; then they shuffle the data files on all the computers in the company to stop the business.<\/p>\n
Pay blackmail, say the villains, and they not only \u201cguarantee\u201d that the stolen data will never be passed on to anyone else, but also offer a decryption program to rework all the encrypted files so that the business can continue.<\/p>\n
Recent reports include an attack on a fitness monitoring company, Garmin, which was allegedly blackmailed to $ 10 million and paid, albeit apparently after the amount had fallen into the \u201cmulti-million\u201d range; and business travel company CWT, which faced similar seven-figure demand and ended up handing over $ 4.5 million to criminals to get its business back on track.<\/p>\n
In contrast, law firm Grubman Shire Meiselas & Sacks faced a staggering $ 42 million ransomware blackmail claim, but faced it down, comparing the villains to a terrorist and refusing to pay a dime.<\/p>\n
Recently, U.S. wine giant Brown-Forman took a similar stance in refusing to work with criminals after its network was invaded.<\/p>\n