Guillermo Christensen Quoted in Data Breach Today: "Ransom Payments: Monero Promises Privacy; Bitcoin Dominates"

Ice Miller LLP partner Guillermo Christensen was quoted in a Data Breach Today news article, "Ransom Payments: Monero Promises Privacy; Bitcoin Dominates?"

The article included:

Not just Alphv/BlackCat, but most ransomware groups that accept Monero typically add a 5% to 20% premium for victims that want to pay in Bitcoin, says attorney Guillermo Christensen, a partner at Indianapolis-based law firm Ice Miller. Christensen manages its Washington office and specializes in cybersecurity planning and incidents, including around ransomware.

Even so, only about 5% to 10% of the ransomware incidents he's worked on have ever involved a payment in Monero. "It is definitely more than it was, but it's not a huge element in this," he says.

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