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Article content LONDON — British defense group BAE Systems said on Wednesday it was on track to meet its full-year guidance, with air, maritime, electronic systems and intelligence and security continuing to perform strongly. Chief Executive Charles Woodburn said the company’s good operational performance underlined its confidence in its guidance for top line growth and margin expansion this year, and its three-year cash targets. We apologize, but this video has failed to load. Try refreshing your browser, or UK's BAE on track with air and maritime performing strongly Back to video “S...

Paying cyber-ransoms spotlights ethical and legal concerns By Michael Riley and Kartikay Mehrotra / Bloomberg The US government’s fight to choke off ransom payments collected by hackers hit a major snag on Thursday last week, following news that Colonial Pipeline paid a hefty sum to hackers who for several days last week effectively shut down the country’s largest fuel pipeline and created gas shortages along the US east coast. The decision went against FBI and the US Department of the Treasury warnings that such payouts would only spread pain down the line by encouraging more hacking...

Cyber Ransom Payments Set a Bad Precedent But Happen Often The U.S. government’s fight to choke off ransom payments collected by hackers hit a major snag Thursday, following news that Colonial Pipeline Co. paid a hefty sum to hackers who for several days this week effectively shut down the country’s largest fuel pipeline and created gas shortages along the East Coast. The decision went against FBI and Treasury Department warnings that such payouts will only spread pain down the line by encouraging more hacking, raising questions around the ethics of paying the ransoms. Cybersecurity exper...

by Bloomberg |Friday, May 14, 2021 The United States government's fight to choke off ransom payments collected by hackers hit a major snag Thursday. (Bloomberg) -- The U.S. government’s fight to choke off ransom payments collected by hackers hit a major snag Thursday, following news that Colonial Pipeline Co. paid a hefty sum to hackers who for several days this week effectively shut down the country’s largest fuel pipeline and created gas shortages along the East Coast. The decision went against FBI and Treasury Department warnings that such payouts will only spread pain down the line b...

By MICHAEL RILE AND ALYZA SEBENIUS | Bloomberg | Published: May 12, 2021 When a new ransomware group popped up on the scene last year, the hackers did what's in vogue for digital extortion organizations these days: They issued a press release. The hackers had already made "millions of dollars" in profit working as affiliates for other groups when they decided to go out on their own, the announcement said. "We created DarkSide because we didn't find the perfect product. Now we have it." That product — essentially a set of hacking tools and related services — was responsible for the s...