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Excerpt from article by Alyssa Newcomb of NBCNews.com
Kidnappings for ransom have been dramatized on television and in the movies and detailed on the new. Heck, even Julius Caesar was once kidnapped by pirates, held for ransom and even lived to document his tale for the history books.
While the methods are literally as old as ancient history, cyber security experts are now looking to the kidnapping and ransom industry to better understand how to deal with the growing threat of ransomware, which is now a billion dollar a year industry.
“Ransomware is less about technological sophistication and more about exploitation of the human element,” a report from the Institute for Critical Infrastructure Technology said. “Simply, it is a digital spin on a centuries – old criminal tactic.” . . . .
“We have cryptocurrencies lined up. If there is an angle to negotiate, we will work it,” Winston Krone, Global Managing Director at Kivu Consulting in San Francisco, told NBC News . . . .
HB Litigation Conferences is proud to announce Kivu is sponsoring and presenting at the NetDiligence Cyber Risk and Privacy Liability Forum this June 5-7 at the Hyatt Bellevue in Philadelphia. To find out more about this awesome CLE-credited event click here or contact us for more information. We’d love to hear from you!
Ready to join us in Philly? We don’t blame you! There is still plenty of time to Register!