William Cook, partner at Reed Smith, said he generally advises companies not to pay ransom to get back access to computer systems—unless the hacker demands a BMW.
Keynote speaker Cook, former president of FBI computer crime unit program InfraGard, told several stories to illustrate the vast universe of cyber risk at Advisen’s Cyber Risk Insights Conference here on May 11.
One such story was of a client that was hacked with ransomware that encrypted all the company’s files. The hacker demanded a ransom: $100,000 and a BMW. Cook told the company to pay the hacker.
Read more at http://www.advisenltd.com/2016/05/23/cook-on-ransomware-a-purse-snatching-on-an-airplane/
Chad Hemenway, Cook on ransomware: ‘A purse snatching on an airplane’ (May 23, 2016), available with subscription at Advisen Professional Front Page News.
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