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

submitted 1 year ago by [email protected] to c/[email protected]

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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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[–] [email protected] 9 points 1 year ago (1 children)

What the hackers do is irrelevant. What matters is that they disclose it to the public so that those affected can take necessary actions. Failure to do so deserve a hefty punishment irrespective of whether or not they pay the hacker

[–] [email protected] 2 points 1 year 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?

[–] [email protected] 3 points 1 year ago

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