Why Law Firms Should Not Pay Ransomware Demands
As custodians of highly sensitive information, attorneys and law firms of all sizes are especially at-risk for cyber and ransomware attacks because these attacks can create a minefield of conflicting responses and actions to respond to the attack.
May 19, 2022 at 12:05 PM
5 minute read
Franklin Zemel(L) and Erik J. VanderWeyden(R) of Saul Ewing Arnstein & Lehr. Courtesy photos
In the past year, there has been a significant increase in the sophistication, severity and frequency of cyberattacks, including high-profile ransomware attacks on major law firms. In response, the U.S. government's FinCEN (Financial Crimes Enforcement Network) issued a warning in the form of its Advisory on Ransomware and the Use of the Financial System to Facilitate Ransom Payments (advisory) available here: https://www.fincen.gov/news/news-releases/fincen-releases-updated-advisory-ransomware-and-use-financial-system-facilitate.
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