Ransomware is the biggest cybersecurity threat facing businesses in 2019, with an estimated 4,000 ransomware attacks occurring daily. What's more, a recent report on South Carolina Public Radio stated that one in three businesses will experience an attack this year.
But what is ransomware, and how can businesses minimize their risk of attack? What should they do when an attack is successful?
Ransomware occurs when hackers are able to infiltrate a business' computer network and lock up critical information and files until the ransom is paid. Even after payment, there's no guarantee that the files will be returned. Should the company pay or not? There is a tremendous amount of strategy involved in making the right decision.
The University of South Carolina School of Law’s Cybersecurity Legal Task Force is holding a webinar on Wednesday, Feb. 20 from noon – 1:30 p.m. that will address best practices for preventing and responding to a ransomware attack including:
- How to avoid a ransomware attack
- Options available to respond to a ransomware attack
- When should you and how do you pay ransom
- Pitfalls even when ransom is paid
- Insurance coverage and loss concerns
- Ethical obligations that apply in safeguarding client data and breach notification
Panelists include legal, security, law enforcement and insurance experts including:
- Douglas Hemminghaus, Assistant Special Agent in Charge, National Security Branch, Federal Bureau of Investigation
- James Jaeger, Chief Cyber Strategist and Partner, Arete Advisors
- Abigail Oliver, Assistant Vice President of Cyber Underwriting, AXIS Capital
- Karen Painter Randall, Chair, Cybersecurity and Privacy, Connell Foley LLP
The webinar is designed for lawyers, business and insurance executives, law firm and corporate management, IT professionals, and more. It has been approved for 1.5 hours of Ethics CLE credit.
Visit https://uofsclaw.us/cyberwebinar01 to register.
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