Ransomware: A Massive and Paralyzing Cyber Threat Facing Organizations in 2019
February 20, 2019 | 12 - 1:30 p.m.
Presented by the University of South Carolina School of Law's
Cybersecurity Legal Task Force.
Law firms, In-house counsel and small-to-medium size businesses are guardians of confidential and valuable information making them an ever-growing target of the ransomware cyberattack. It is no longer whether an organization will be attacked but when and to what extent. With 4,000 ransomware attacks occurring daily and 400,000 new ransomware strains developing at the same pace, ransomware is the biggest cybersecurity threat that must be met head on by law firms and businesses in 2019.
Ransomware locks up critical information and files that an organization needs to operate. The clock is ticking. Should the organization pay or not pay? There is a tremendous amount of strategy involved in making the right decision--it's not simply a binary choice for the organization.
Legal, security, law enforcement and insurance experts will address best practices for preventing and responding to a ransomware attack including:
- Ethical obligations that apply in safeguarding client data and breach notification
- How to avoid a ransomware attack
- Options available to respond to a ransomware attack
- When should you and how do you pay ransom
- Pitfalls even when ransom is paid
- Insurance coverage and loss concerns
- Douglas Hemminghaus, Assistant Special Agent in Charge, National Security Branch, Federal Bureau of Investigation
- James Jaeger, Chief Cyber Strategist and Partner, Arete Advisors
- Abigail Oliver, Assistant Vice President of Cyber Underwriting, AXIS Capital
- Karen Painter Randall, Chair, Cybersecurity and Privacy, Connell Foley LLP
Who Should Attend:
- Business and insurance executives
- In-house counsel
- Law firms and corporate management
- CEOs, CISOs, CIOs, DPOs and CFOs
- Carriers and brokers
- eRisk Hub licensors
- IT professionals