Marc Wallenstein Quoted in Law.com on Colonial Pipeline Ransomware Attack
Partner Marc Wallenstein spoke with Law.com on Department of Justice actions in the wake of the Colonial Pipeline ransomware attack. The DOJ recently seized nearly $2.3 million of the ransom payment in bitcoin and distributed internal guidance elevating ransomware investigations to a similar priority to terrorism attacks.
Speaking to the tough choices enforcers face when responding to ransomware attacks, Wallenstein notes that “the only way to stop ransomware attacks is to stop people from paying the ransom…that’s a very difficult thing to decide to do, because you’re essentially punishing the victim of the attack—just like you’re not allowed to pay the ransom if someone gets taken hostage.”
Read the full article here.