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Sensei Mentioned in Leading-Edge Law Article in Richmond Times- Dispatch
December 28, 2021
A Leading-Edge Law Article titled “Is it illegal to pay ransomware?” by John Farmer , in the Richmond Times-Dispatch, reports Sensei’s Enterprises advice on paying ransomware.
Is it now illegal for your business to pay ransomware if its computer system gets cryptolocked?
To understand the pros and cons of possibly paying, first look at how ransomware usually works.
Ransomware attacks generally come from sophisticated criminal organizations. It’s not just one bad person with a cryptolocking program. These groups are usually based in Russia or other former Soviet republics.
Ransomware attackers demand payment in cryptocurrency, usually Bitcoin. The average ransomware payment is $140,000. Average computer-system downtime is 23 days.
Sensei Enterprises, a technology, cybersecurity, and digital forensics firm in Fairfax, said paying ransomware rarely fixes the problem. (Full disclosure: my firm is a Sensei client.)
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