Technology

59427 readers

3449 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

193

Ransomware gang files SEC complaint over victim’s undisclosed breach (www.bleepingcomputer.com)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

11 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments

[–] LWD@lemm.ee -1 points 1 year ago* (last edited 11 months ago) (1 children)

deleted

[–] mosiacmango@lemm.ee 15 points 1 year ago* (last edited 1 year ago)

Discovery has to occur to have that info floating around.

The ransom gang is not going to show up in court of comply with any cour orders. They are just filing this as part of a pressure campaign on their victims. "Pay us quickly and no one will ever know. Don't, and we will make this very public and get you fined by the government too."

Frankly, I applaud the move. It might actually make companies comply with the SEC mandates just to eliminate this part of the ransomware threat. I think it undermines ransomware groups negotiating positions, but I'm glad to let them make mistakes.