Rare recovery in a complex ransomware case: Major NetWalker arrest leads to significant asset seizure

Norton Rose Fulbright Canada’s cyber litigation team recently obtained an order in favour of an insurer, granting it relief from forfeiture in respect of more than 11 bitcoins from the assets seized from a prolific ransomware gang. This case was the first of its kind and confirms an insurer’s ability to seek recovery for losses suffered when it reimburses its insureds for ransoms that are later recovered through law enforcement action.

Continue reading