Law Professors Oppose Jan. 6 Immunity for Trump By Brad Kutner
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October 03, 2022 at 06:00 AM
5 minute read
Law Professors Oppose Jan. 6 Immunity for Trump By Brad Kutner
MONEY WELL SPENT? - In a ransom situation following a cyber attack, should you ever pay what’s being demanded? As Law.com’s Habiba Cullen-Jafar reports, lawyers at Freshfields Bruckhaus Deringer say: sometimes, yes. Rhodri Thomas, a disputes partner at Freshfields said sometimes the best option for a company under attack is to pay out a ransom following a cyber attack, despite regulators urging the opposite, amongst a hazy legal framework. Thomas and colleague senior disputes associate Hannah Walker Gore explored the topic on the first day of this year’s Legal Geek law tech conference September 28. The duo’s fireside chat focused on “ransomware”—malware designed to encrypt an organization’s files and data and demand a ransom for the key. According to the lawyers, despite a better understanding of technology and more sophisticated cyber defenses, the corporate world has not yet succeeded in stemming the tide of such cyberattacks. Walker Gore noted that “between 2020 and 2021, the number of cyber attacks that took place doubled”. In the first six months of 2021, $590 million was paid out by victims of ransomware to their attackers, the lawyers said. This could mean that paying out the “€20,000 worth of Bitcoin” to get your data decrypted can seem a better option than coughing up seven figures a week in order to battle the attack, Thomas argued. However, despite the temptation to pay up, the pair explained that this option can leave you vulnerable to consequent attacks because, as Thomas put, you might land yourself on “the sucker’s list”, and then be known to other criminals as an easy target.
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