this post was submitted on 16 Nov 2023
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Ransomware gang files SEC complaint over victim’s undisclosed breach (www.bleepingcomputer.com)
submitted 2 years ago by L4s@lemmy.world to c/technology@lemmy.world
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Ransomware gang files SEC complaint over victim’s undisclosed breach::The ALPHV/BlackCat ransomware operation has taken extortion to a new level by filing a U.S. Securities and Exchange Commission complaint against one of their alleged victims for not complying with the four-day rule to disclose a cyberattack.

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[–] NotMyOldRedditName@lemmy.world 2 points 2 years ago (1 children)

It's not about if they pay the hackers, it's what's the punishment for being late to disclose vs being exposed you didn't disclose on time.

I imagine the punishment is worse if you're outed vs late but voluntary?

[–] YarHarSuperstar@lemmy.world 3 points 2 years ago

In US? I doubt that the punishment is more than a slap on the wrist.