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Ransom Payments At A Historic Low According to Report

February 20, 2025 By Kim Peretti and Scott Hilsen

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% […]

Filed Under: Cybersecurity, Ransomware Tagged With: Payments, Ransomware

Rich Willis and Laura K. Song share insights on the challenges data localization poses for the payments industry via Bloomberg BNA

December 21, 2018 By Privacy, Cyber & Data Strategy Team

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 […]

Filed Under: Financial Privacy, Privacy, Regulation Tagged With: Compliance, Data localization, Payments

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