In 2021, 37% of all businesses were hit by ransomware attacks. Only 57% of businesses are successful in recovering their data using a backup. Out of all ransomware victims 32% pay the ransom, but they only get 65% of their data back. Recovering from an attack cost businesses $1.85 million on average in 2021. Scary stats.
Today’s ransomware often steals your confidential data before its encryption. Frequently, we now see two ransoms demanded, one for the decryption key and one for a promise (because cybercriminals are so honorable) to destroy your data. Many law firms are paying, sometimes because they have cyberinsurance and paying is cheaper than being inoperative for an extended period of time.
What are the ethical considerations in handling ransomware? We’ll go through the requirements of the most prominent ethical opinions.
How do law firms get ransomware? How can they defend against it? If stricken, how should they handle the attack? Should you pay the ransomware? Is it illegal to pay the ransomware? Spoiler alert: Sometimes it is. How do you recover from a ransomware attack? Our experts will offer chilling stories of law firms crippled by ransomware along with tips for defending against and responding to ransomware.
Sharon D. Nelson, Esq., is the President of Sensei Enterprises, Inc., a digital forensics, cybersecurity and information technology firm in Fairfax, Virginia.
Ms. Nelson is the author of the noted electronic evidence blog, Ride the Lightning and is a co-host of the Legal Talk Network podcast series called “The Digital Edge: Lawyers and Technology” as well as “Digital Detectives.”
She is a frequent author (seventeen books published by the ABA and hundreds of articles) and speaker on legal technology, cybersecurity and electronic evidence topics. She was the President of the Virginia State Bar June 2013 – June 2014 and a past President of the Fairfax Law Foundation.
Mr. Simek is the Vice President of Sensei Enterprises, Inc., an information technology, digital forensics and cybersecurity firm located in Fairfax, VA. Mr. Simek has a national reputation as a digital forensics technologist and has testified as an expert witness throughout the United States. He holds a degree in engineering from the United States Merchant Marine Academy and an MBA in finance from Saint Joseph’s University.
Mr. Simek holds the prestigious CISSP (Certified Information Systems Security Professional) certification in addition to multiple other technical certifications. He is a past chair of ABA TECHSHOW and a co-host of the Legal Talk Network podcast Digital Detectives. He is a frequent author (seventeen books published by the ABA and hundreds of articles) and speaker on legal technology, cybersecurity and electronic evidence topics.