At FTC’s ransomware workshop, FBI says: Don’t pay

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The first in its fall technology series, the FTC held a public workshop [September 7, 2016] on ransomware. According to experts on hand for the event, ransomware is the most profitable malware type in history. FTC Chairwoman Edith Ramirez said not only is it prevalent and dangerous, there are challenges associated with thwarting it, including its rapid proliferation, the many vectors of attack and the vast array of harms. It’s an issue of interest to the FTC in its pursuit to protect consumers, but also because, according to Ramirez, failure to address known vulnerabilities may violate the FTC Act.

Read the full article at the IAPP website, by clicking here.

 


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