Karen Painter Randall, Chair of Connell Foley's Cybersecurity, Data Privacy and Incident Response Group, moderates the program "Ransomware: Rapidly Evolving Response Options and Consequences" on May 6 for the American Bar Association (ABA) 2021 Virtual Litigation Section Annual Conference.
As noted by the ABA, "Ransomware attacks are growing in frequency, threatening businesses around the world. It is also one of the most intractable—and common—threats facing organizations across all industries and geographies." As the sophistication and frequency of attacks increase, the cost of ransomware likewise continues to move significantly higher. "[M]ost concerning, is a new emphasis on double extortion ransomware attacks placing many victims in a catch-22 situation when deciding whether to pay to recover or suppress the publication of sensitive information. This dangerous trend forces management to reassess risk, cyber liability insurance, incident response plans and decision-making, disaster recovery, and business continuity."
Karen and her co-panelists will examine the evolving threat landscape, how to respond to ransomware attacks, legal and ethical considerations, mitigation strategies, and the new Office of Foreign Assets Control (OFAC) Advisory on making a ransomware payment. Joining Karen in this discussion are Elizabeth Cookson of Coveware, Abigail Oliver of Ascot Group, and Judith A. Selby of Hinshaw & Culbertson LLP.
For more information or to register for this program, please click to visit the ABA 2021 Virtual Litigation Section Annual Conference website.