Defeating Ransomware: The Feasibility of Class Action Lawsuits in the Private Sector

Ransomware and Its Global Impact on businesses might a Legal Recourse Against Nation-States help put a dent against the nation-states harboring these criminals

Ransomware, a form of malicious software, poses a grave threat to digital security worldwide. Utilized by cybercriminals to extort money, steal data, and disrupt business, it encrypts or restricts access to a victim's data or computer system, demanding a ransom, often in cryptocurrency, for decryption or access restoration.

These criminals often target entities ranging from individual users to major corporations and government agencies, exploiting software vulnerabilities and human oversights, such as sending unsuspecting users suspicious links, something we all know as phishing. The escalation of ransomware underscores the urgent need for advanced cybersecurity strategies and diligent data backup protocols.

The battle against Ransomware has been taken seriously on the political level as both Former President Trump and President Biden established taskforces to handle the spread and use of ransomware against American businesses. This is largely because most ransomware comes from places like China, Russia, North Korea, and Iran. Ransomware isn’t straightforward, but that is a topic for a different article. Make sure to sign up to get the next article.