On February 4, 2025, Coveware, Inc. released its quarterly ransomware report for the fourth quarter of 2024, and identified that the percentage of victims paying ransoms fell to a historic low of 25%. While the average amount of a payment in Q4 2024 rose 16% quarter-over-quarter to $553,959, the median amount dropped a significant 45% […]
Payments
Rich Willis and Laura K. Song share insights on the challenges data localization poses for the payments industry via Bloomberg BNA
Rich Willis, partner in the Financial Services & Products Group, and Laura K. Song, associate in the Privacy & Data Security Team, co-authored the Bloomberg BNA article “Data Localization Poses Challenges for Payments Industry and Innovation.” In the article, Willis and Song discuss the different jurisdictional approaches to data localization and the impacts faced by […]