Weekly Update 517: Troy Hunt on teenage extortion actors and litigation-driven silence in the ransomware ecosystem
In his Weekly Update 517, Troy Hunt offers commentary on the current ransomware situation. He argues that much of what is called ransomware often involves no malware at all and is simply extortion, frequently carried out by young offenders. These actors earn large sums but struggle to spend them without being caught. He adds that breached companies are quickly targeted by class action lawyers, which keeps them tied up in litigation. As a result, they avoid communicating with customers for fear that statements will be used against them. The piece is opinion and commentary, with no specific incident, vulnerability, IOC or attribution.
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Weekly Update 517: Troy Hunt on teenage extortion actors and litigation-driven silence in the ransomware ecosystem
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In his Weekly Update 517, Troy Hunt offers commentary on the current ransomware situation. He argues that much of what is called ransomware often involves no malware at all and is simply extortion, frequently carried out by young offenders. These actors earn large sums but struggle to spend them without being caught. He adds that breached companies are quickly targeted by class action lawyers, which keeps them tied up in litigation. As a result, they avoid communicating with customers for fear that statements will be used against them. The piece is opinion and commentary, with no specific incident, vulnerability, IOC or attribution.