By Jim Calloway–Oklahoma Bar Association
Recently, there were news reports of a Providence, Rhode Island, law firm that was held hostage by ransomware blackmailers for 90 days. Just imagine 90 days without access to any file on the law firm’s network or any of the individual workstations. The blackmailers were demanding $25,000 in ransom paid in bitcoin to restore access. The news reports were about the law firm’s litigation against its insurer for not paying a claim for $700,000 in lost billing as the firm’s 10 lawyers were left unproductive and inefficient. I have no doubt the firm also sustained a significant amount of damage to relationships with many of its clients.
- WannaCry: Smaller businesses are at great risk (helpnetsecurity.com)
- WannaCry Ransomware News: Linguistic Analysis Offers Insight About Attackers (ibtimes.com)
- WannaCry Ransomware Gets Upgraded and This Time There Is No Kill Switch (wccftech.com)