‘Ransomware’ attack locks down prominent Providence law firm
During the time its system was disabled, the law firm negotiated ransom to be paid in bitcoins, cyber currency that is virtually impossible to trace, the suit says. The firm then had to re-negotiate those terms after the initial key to de-crypt its records failed to work. It arranged to purchase more bitcoins in exchange for other tools to recover its documents.
During the seizure, the firm's 10 lawyers were left unproductive and inefficient -- amounting to
"It's gotten crazy. They're making billions of dollars," Alfred said of the attackers.
What makes "ransomware" attacks particularly bedeviling to law enforcement is that the culprits remain unknown due to the use of untraceable currency. The strikes might be waged by someone working alone in a basement who purchased ransomware on the dark web or criminals based in
"Chances are we're not going to find out who the bad guy is," Alfred said.
And the strikes are prolific. They are one of the top emerging cyber threats, according to the FBI Boston division.
American businesses and individuals in the thousands suffered more than
Attackers are tailoring their demands to their victims, in essence making it a brand of "valet thievery," said cyber expert
"We haven't really seen them remove the data," Special Agent
They might demand
It's a crime, too, that is vastly underreported, law enforcement agencies say.
"The shame of it keeps it from being reported," White said, as businesses don't want to sully their image or reveal weakness. "Usually they just pay them off. It's the cost of doing business."
The FBI, like the state police, urges victims not to pay the attackers. Both agencies say that encourages more attacks and that the money in play could be used to fund serious crimes.
"I never tell anyone to buy the ransomware key because it's sponsoring illegal activity," Alfred said. He added: "You have to back-up the data beforehand. That's what you have to do. You're not going to get that data back. Even if you pay, you might not get the key."
Protecting a network involves everyone in it from a janitor to the CEO, Alfred said.
The FBI requests that victims of attacks reach out to the agency and file a complaint with the Internet Crime Complaint Center, at www.IC3.gov.
White questioned whether the law firm's suit would succeed, saying it would "open a giant can of poison worms" for the insurance industry. Alfred, too, emphasized that cyber security insurance is a growing field.
"Everybody is going to be insuring their data," Alfred said.
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(c)2017 The Providence Journal (Providence, R.I.)
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