Ben Wanger, Elise Elam Quoted in StateScoop Ransomware Article

News / July 27, 2022

On July 26, 2022, Counsel Ben Wanger and Associate Elise Elam were quoted in an article in StateScoop titled “Time will tell if states’ ransomware payment bans curb threat.” Florida became the second state (after North Carolina) to ban public-sector entities from paying such demands; other states are considering similar measures. But will they work? Elam says, “We just don’t know yet.” It may be cheaper to pay up; cyber insurance premiums have been on the rise for years. Wanger says, “If government entities can’t pay ransom, the risks could be greater to (insurers) in the long term.” Wanger adds that Florida’s ban excludes schools, which makes sense because of the services they provide and the amount of data they hold about children and families.

Read the article.