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Guillermo Christensen and Stephen Reynolds Quoted in IAPP's The Privacy Advisor: "Amid a Global Pand Guillermo Christensen and Stephen Reynolds Quoted in IAPP's The Privacy Advisor: "Amid a Global Pand

Guillermo Christensen and Stephen Reynolds Quoted in IAPP's The Privacy Advisor: "Amid a Global Pandemic, Ransomware Increasingly Targets Hospitals"

Guillermo ChristensenStephen ReynoldsIce Miller LLP partners Guillermo Christensen and Stephen Reynolds were quoted in the IAPP The Privacy Advisor article, "Amid a Global Pandemic, Ransonware Increasingly Targets Hospitals."

The article included:

This rise in attacks is something Stephen Reynolds, CIPP/US, and his team of attorneys at IceMiller have seen first hand. Lending to the rise in attacks, he suspects, is another side effect of the COVID-19 pandemic: More people are working from home, which increases the threat vector for employees and their organizations. Plus, organizations — also because of the pandemic — have been forced to alter their business structures, which can increase the vulnerability of IT departments due to budget cuts and staffing shortages.

Reynolds said threat actors often do their homework. He's found that monetary ransom demands often come in close to the cyberinsurance coverage amount of the targeted organization. Typically, he said, the adversary leaves a ransom note, but sometimes it takes time to get the amount demanded. "My thought is that this is because they (the adversaries) are so busy," he said.

"Threat actors are doing this at scale," IceMiller's Guillermo Christensen said. "When I get involved, I'm not just helping the company with the incident response; I counsel on what is the best way to deal with the threat actor in negotiating the ransom and what the prospects for restoration are versus paying for the encryption keys."


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