US bank places trust in ransomware crew that promised to delete its data Would you trust a ransomware extortionist to delete the data they stole? One bank certainly wants you to. Well over a month into a ransomware cleanup job, River Financial Corporation tells regulators that it “took steps to attempt to suppress the affected data, including obtaining representations from the threat actor that it …
In these days of Libor-rigging globally-evil global banks it's nice to find a small trusting organisation like this that operates on the 'pinky swear' system.
I hope the CEO is called George Bailey and can explain that it's not the bank's data, it's the whole community's data
The title to this article has a bit of an issue. US Bank (NYSB:USB) and River Financial Corporation (OTCMKTS: RVRF) are two very different, unrelated companies. By using the name of US Bank to refer to River Financial, even inadvertently, people will get confused, and lawyers are likely to generate a few pages of correspondence and leave a few pockets lighter.
Had to look it up as I agree with the grandparent, calling yourself US Bank would get a lawyer up in your business. It is called River Bank, not US Bank. It was the Reg that was using the generic US Bank as in a bank in the US. Name of the bank is River Bank & Trust,
River Financial Corporation operates as the bank holding company for River Bank & Trust. It serves Alabama and Florida, which given their ineptness does seem appropriate.
Agreed. But I wish the author would stop using the abysmal business-jargon 'per', as in "River has not yet completed its investigation, per its most recent filing." What's wrong with "According to "? Going forward, on an agile basis, I suspect I'm going to end up getting more downvotes than that "wine and steak" commentard.
The company's issue can soon become someone else's issue when a trademark lawyer gets involved. You can argue that it's down to that company's poor choice of name, but that won't help if they cared enough to make a legal case of it. Since this is just a headline and the article clears up the specific bank, it would probably be a complaint that El Reg could win, but if it got that far, it would be a pyrrhic victory.
