Attorney General Warns Wisconsinites of Increase in Ransomware Threats

 Attorney General Josh Kaul is advising Wisconsinites to be aware of ever-evolving ransomware threats. To date, the FBI has received 41 ransomware reports in Wisconsin this year, compared to 30 reports total in 2020.

“As technological threats continue to evolve and become more sophisticated, DOJ’s Cyber Unit remains committed to investigating cybercrimes throughout Wisconsin,” said Attorney General Kaul. “All of us can help combat the threat of ransomware by taking a few precautions: not clicking on links or attachments from unverified sources, using unique, complex passwords, and installing computer updates regularly.”

Ransomware is a type of malicious software cyber actors use to deny access to systems or data. The malicious cyber actor holds systems or data hostage until the ransom is paid. After the initial infection, the ransomware attempts to spread to shared storage drives and other accessible systems. If the demands are not met, the system or encrypted data remains unavailable.

A person may unknowingly download ransomware onto a computer by executing one of the following actions embedded with malware: opening an email attachment, clicking an advertisement, following a link, or visiting a website. Cyber actors continue to evolve their ransomware tactics over time to extort organizations and citizens. Awareness of these tactics is important to avoid unnecessary exposure.

Cyber-attacks may be prevented by following the Department of Homeland Security – Cybersecurity and Infrastructure Security Agency (CISA) best practices for managing risks posed by ransomware: https://www.cisa.gov/stopransomware. To learn more, visit the CISA Ransomware Guide at, https://www.cisa.gov/sites/default/files/publications/CISA_MS-ISAC_Ransomware%20Guide_S508C.pdf

Victims of ransomware attacks are encouraged to resist any urge to fulfill a ransom request. Compliance in response to a ransom does not guarantee the captured data will be returned. Compliance also encourages perpetrators to target more victims and offers an incentive for other cyber actors to get involved in this type of illegal activity.

If you believe you are a victim of a ransomware attack:

 

Durable Goods Orders Slip as Supply Chain Disruptions Persist

Orders for big-ticket items slipped last month as manufacturers continued to navigate a supply chain crunch that has resulted in higher materials costs.

New orders for manufactured durable goods in July fell 0.1% to a seasonally adjusted $257.2 billion, according to the Census Bureau. Excluding transportation, new orders decreased 0.7%. They fell 1.2% when excluding defense.

Supply chain disruptions that were caused by factories shutting down in an attempt to help slow the spread of COVID-19 resulted in unfilled orders increasing for a sixth straight month, rising 0.3% to $1.225 trillion. Unfilled machinery orders, which have increased 16 straight months, rose by $2.3 billion to $109.2 billion.

 

Fisker, the Electric Carmaker Eyeing Partnering with Foxconn, Wants a Wisconsin Law Changed

The cofounder of the electric automaker partnering with Foxconn to possibly build vehicles in Racine County wants a Wisconsin law changed.

In an interview with Forbes published this week, Fisker CEO Henrik Fisker said that a nearly century-old state law could stand in the way of his company and Foxconn deciding to construct vehicles in (and bring jobs to) Mount Pleasant.

The law in question dates back to the 1930s. It requires franchised car dealers to sell vehicles to consumers; carmakers (i.e. Ford, Tesla, General Motors, Honda, BMW, etc.) cannot sell their vehicles directly to consumers, with few exceptions.

“The one sticking point for Fisker — now, this is still Foxconn’s decision — but the one sticking point for me would be that I don’t want to start producing a car in a state where I can’t sell my car direct,” Henrik Fisker told Alan Ohnsman of Forbes. “If they change those (rules) I think they will be in the lead, but right now they’re not.

Defenders of the law, including the Wisconsin Auto & Truck Dealers Association, say the ban on direct sales opens up more job opportunities and protects pre-existing automobile dealers.

WATDA President William Sepic said that the ban on direct sales protects consumers. Car salespeople are able to “be an advocate” between consumer and manufacturer, Sepic argued. By making it easier to take dealers out of the picture, consumers could lose out.

“Think about it like this,” he said in an interview Friday. “If you have three car dealers, they can each set different prices for the exact same car, and the consumer can pick and choose. Likewise, they can make three different offers on buying a used car.”

Wisconsin’s Real Estate Market Grew by 7% in 2020

On Friday, the Wisconsin Department of Revenue (DOR) released its annual Equalized Values Report. The report shows Wisconsin’s total statewide equalized property value as of January 1, 2021, was $654 billion, a 7% increase over the prior year; growth occurred in all property classifications. Equalized values are based on data from January 1, 2020 to January 1, 2021.

Report highlights:

• Change in Equalized Value = $41.6 billion, a 7% increase from 2020
o $31.1 billion due to market value increases (5%)
o $10.1 billion due to new construction (2%)

Equalized Values are calculated annually and used to ensure statewide fairness and equity in property tax distribution. The Equalized Value represents an estimate of a taxation district’s total taxable value and provides for the fair apportionment of school district and county levies to each municipality. Changes in Equalized Value do not necessarily translate into a change in property taxes.

Census Bureau Releases Decennial Population Data for the State of Wisconsin

Wisconsin’s population rose to 5,893,718, a 3.6% increase from the 2010 census, retaining its position as the 20th most populous state. Its population growth rate ranked 34th among the 50 states. Altogether, the U.S. population rose to 331,449,281, the Census Bureau said, a 7.4% increase that was the second-slowest ever.

In Wisconsin, the census data show areas such as Dane County, Brown County (Green Bay) and Outagamie County (Appleton) gaining the most people, while Milwaukee County and 20 rural counties lost population.

Dane County added 73,431 people over the past decade, a 15% increase, making it the fastest-growing county in the state, according to data released by the U.S. Census Bureau Thursday.

The data show Milwaukee County lost 8,246 residents over the past decade, a decrease of 0.9%, for a 2020 population of 939,489, still the largest county in the state by far by population.

The county that shrank the fastest over the past decade was Richland County, in southwestern Wisconsin, losing 717 residents or 4% of its population. The next two biggest losers were in rural northern Wisconsin: Taylor County, which lost 776 residents and Rusk County, which lost 567 residents, both 3.8% declines.

State legislators will use the census data to ensure that Wisconsin’s political maps reflect how the state’s population has grown and shifted since the 2010 census. With a detailed understanding of where Wisconsin’s population resides in 2020, they can update the boundaries of the state’s eight congressional, 99 Assembly and 33 state Senate districts, and local leaders can redraw municipal and county board districts.

 

State Projects $1.7 Billion Surplus at End of Current Budget Cycle

Wisconsin’s current budget cycle is projected to end in two years with about $1.7 billion left over, one of the largest surpluses in recent memory.

The nonpartisan Legislative Fiscal Bureau on Monday estimated the current two-year budget — which Republican lawmakers passed in June and Gov. Tony Evers signed into law — will produce a roughly $1.7 billion surplus in June of 2023, when the budget expires.

Fiscal Bureau director Bob Lang said the figure is one of the highest in recent memory. Having money left over at the end of the budget cycle provides lawmakers with more spending or tax-cutting opportunities in future budget cycles.

Before the latest state budget was signed into law, the Fiscal Bureau estimated Wisconsin would have a general fund balance of more than $5.8 billion as a result of “unprecedented” tax collections, a figure more than $4 billion larger than previous estimates.

The unprecedented surplus left lawmakers with a range of options for the 2021-23 state budget, including a $2 billion income tax cut adopted by the Republican-led Legislature.

Biden Administration Extends Student Loan Pause Until January 31, 2022

On Friday, the U.S. Department of Education (Department) announced a final extension of the pause on student loan repayment, interest, and collections until January 31, 2022. The Department believes this additional time and a definitive end date will allow borrowers to plan for the resumption of payments and reduce the risk of delinquency and defaults after restart. The Department will continue its work to transition borrowers smoothly back into repayment, including by improving student loan servicing.

“The payment pause has been a lifeline that allowed millions of Americans to focus on their families, health, and finances instead of student loans during the national emergency,” said U.S. Secretary of Education Miguel Cardona. “As our nation’s economy continues to recover from a deep hole, this final extension will give students and borrowers the time they need to plan for restart and ensure a smooth pathway back to repayment. It is the Department’s priority to support students and borrowers during this transition and ensure they have the resources they need to access affordable, high quality higher education.”

The Department will begin notifying borrowers about this final extension in the coming days, and it will release resources and information about how to plan for payment restart as the end of the pause approaches.

President Biden to Allow Nationwide Residential Eviction Moratorium to Expire Saturday

The Biden administration announced Thursday it will allow a nationwide ban on evictions to expire Saturday, arguing that its hands are tied after the Supreme Court signaled the moratorium would only be extended until the end of the month.

The White House said President Joe Biden would have liked to extend the federal eviction moratorium due to spread of the highly contagious delta variant of the coronavirus. Instead, Biden called on “Congress to extend the eviction moratorium to protect such vulnerable renters and their families without delay.”

“Given the recent spread of the delta variant, including among those Americans both most likely to face evictions and lacking vaccinations, President Biden would have strongly supported a decision by the CDC to further extend this eviction moratorium to protect renters at this moment of heightened vulnerability,” the White House said in a statement. “Unfortunately, the Supreme Court has made clear that this option is no longer available.”

The court mustered a bare 5-4 majority last month, to allow the eviction ban to continue through the end of July. One of those in the majority, Justice Brett Kavanaugh, made clear he would block any additional extensions unless there was “clear and specific congressional authorization.”

Wisconsin Assembly Fails Again to Block Additional Federal Unemployment Aid

The Wisconsin Assembly voted again Tuesday on a bill that would eliminate extra federal money for unemployment benefit recipients in Wisconsin, but Republican support for the measure wasn’t enough to override a veto from Democratic Gov. Tony Evers.

The GOP attempt to override Evers’ veto fell short of the two-thirds vote threshold necessary to do so. It passed on a vote of 59-37, with Republicans voting in favor and Democrats against.

The bill, which was first approved by the GOP-controlled Legislature last month, would have barred Wisconsin from participating in the federal program that provides $300 a week in additional unemployment aid to benefit recipients. More than two dozen states have passed similar measures already this year. The bill would have also blocked the state Department of Workforce Development from waiving work search requirements for unemployment benefits because of the COVID-19 pandemic.

During debate, Republicans argued the extra money makes it too easy to stay unemployed, and pointed to businesses across the state that are struggling to hire workers.

“Government is doing something right now that works against these businesses, works against our economy,” said Rep. Mark Born, R-Beaver Dam.

According to the state Department of Workforce Development, the maximum state weekly unemployment payment is $370 a week, depending on the worker’s prior income. Combined with the $300 in additional federal benefits, that would amount to $16.75 an hour for a 40-hour work week.

Democrats pushed back on Republicans’ arguments, arguing that eliminating the extra federal money wouldn’t be enough to solve Wisconsin’s worker shortage. They said there are other barriers to going back to work, such as child care shortages that have been exacerbated by the pandemic, continued concerns about contracting COVID-19 and inadequate public transportation. Some workers have also struggled to find jobs that align with their skills and abilities.

The federal benefits are scheduled to end in September, regardless of individual states’ actions.

Insurance Commissioner Approves Worker’s Compensation Rate Decrease

Wisconsin Insurance Commissioner Mark Afable has approved an overall 5.44 percent decrease in worker’s compensation insurance rates, effective October 1, 2021. This is the sixth straight year of rate decreases in Wisconsin.

“This is great news for Wisconsin’s employers and workers,” said Commissioner Afable. “As our state recovers from the pandemic, this will help provide additional relief to our businesses who could save more than $90 million1 thanks to this decreased rate.”

Worker’s compensation insurance rates are adjusted annually by a committee of actuaries from the Wisconsin Compensation Rating Bureau (WCRB). The Commissioner of Insurance has final approval over rate changes that are recommended by the WCRB.

The five major industry groups for worker’s compensation insurance in Wisconsin will all benefit from a rate decrease. Contracting will have a 5.35 percent decrease; Office and Clerical will have a 4.21 percent decrease; Goods and Services will have a 6.39 percent decrease; Manufacturing will have a 5.53 percent decrease; and the Miscellaneous industry group will have a 4.12 percent decrease. Specific rates for classification codes may increase or decrease.

Questions about rate development can be directed to the WCRB at (262) 796-4540 or online at https://www.wcrb.org/wcrb/wcrbhome.htm.