It's not very clear what room for maneuvering is left for incident response companies to assist their clients with ransomware attacks and whether providing information about the attackers, engaging with them to test whether they're able to actually decrypt files or to negotiate a lower ransom would qualify as "facilitating" a transaction under the OFAC regulations. "Frankly, that puts us in an interesting situation with a client, where we say: 'Hey, we are not able to facilitate payments. Can we still negotiate on your behalf? Absolutely. And we can validate all the keys and do all of those things to get you to the point where you can do a transaction but we cannot do a transaction'," Kurtis Minder, CEO of threat intelligence firm GroupSense, tells CSO.
US Treasury Department ban on ransomware payments puts victims in tough position
By External Author on Oct 22, 2020 9:00:00 AM
Topics: News Ransomware
Ransomware groups are going corporate
By External Author on Oct 21, 2020 9:00:00 AM
Kurtis Minder, CEO of GroupSense, a company that offers ransomware negotiation services, told SC Media that most large ransomware groups with multiple concurrent victims deploy automatic, pre-determined answers through the early stages of a negotiation until it progresses far enough to warrant human interaction. Similar to the business world, ransomware managers are seemingly looking to make sure their workers’ time is being spent wisely.
Topics: News Ransomware
Treasury Dept. Advisory Shines Spotlight on Ransomware Negotiators
By External Author on Oct 13, 2020 9:00:00 AM
Threat intelligence firm GroupSense is one recent example. Earlier this month, the company introduced a new service that it says can help ransomware victims navigate a slew of issues following an attack. According to GroupSense, it can help organizations evaluate and confirm attacks, negotiate with threat actors to reduce ransom demands, manage cryptocurrency payments, arrange for the destruction of any stolen data, and carry out other post-transaction activities.
Topics: News Ransomware
Ransomware Negotiation Do’s and Don’ts with an Expert Negotiator
By External Author on Oct 12, 2020 9:00:00 AM
Webinar on October 21st at 10:00 am!
No one ever expects it to happen to them. But with ransomware and cybercrime on the rise, it’s more likely than ever to discover that ransomware has locked down your system and cybercriminals are holding your data hostage. Kurtis Minder, an expert ransomware negotiator, advises executive teams when their worst cybersecurity nightmares come to life. Join us for an interview with Kurtis as we discuss:
Topics: Video Webinar Ransomware
Cybersecurity firm offers official Ransomware Negotiation Service
By External Author on Sep 29, 2020 3:56:07 PM
While FBI is urging ransomware victims not to pay any ransom to hackers as it encourages crime, a Cybersecurity firm from Virginia says that it will offer a ransomware consultation and negotiation service on an official note to deal with a situation.