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Cyber Crimes Extortion

Patterson Belknap Webb & Tyler LLP

Recent Ransomware Attacks Highlight the Evolving Challenges in Responding to Cyber Extortion

A spate of recent ransomware attacks illustrates the increasingly difficult calculations that businesses face following the theft or encryption of their data....more

Guidepost Solutions LLC

Cyber Bullets for Small Law Firms

In our rapidly evolving digital landscape, all organizations are facing an onslaught of cybersecurity threats. According to recent research, victims of cyber attacks paid out a record $1.1 billion last year and have already...more

BakerHostetler

DSIR Deeper Dive: 2023 Crypto Threat Landscape

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Following one of the most turbulent years in crypto history, 2023, in contrast, unfolded as a year of reprieve, including from crypto threats. According to a July 12, 2023, report from blockchain analytics firm Chainalysis,...more

Dechert LLP

Dechert Cyber Bits - Issue 27

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FBI Seizes Hive Ransomware Servers—Blocks US$130 Million in Demanded Ransoms - On January 26, Attorney General Merrick Garland announced that the Department of Justice dismantled the “Hive” ransomware group, which had...more

Fenwick & West LLP

To Pay or Not to Pay: Five Critical Approaches to Beating a Ransomware Threat

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It’s the call you hope you never get. Your company has been hit with a ransomware attack. Your systems are offline. Your customer data was stolen by an unknown threat actor who is threatening to leak it. You have lots of...more

Morrison & Foerster LLP

Department of Justice Signals Its Growing Focus on Cryptocurrency Enforcement

On February 17, 2022, Deputy Attorney General (DAG) Lisa Monaco announced a significant step in advancing its cryptocurrency-related enforcement priorities by naming the first leader of the National Cryptocurrency Enforcement...more

Alston & Bird

US, UK, and Australia Issue Joint Cybersecurity Advisory on Ransomware Threat to Critical Infrastructure

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On February 9, 2022 the United States, United Kingdom, and Australia issued a joint Cybersecurity Advisory on the “Increased Globalized Threat of Ransomware” against critical infrastructure sectors (“Advisory”).  The Advisory...more

Pillsbury - Internet & Social Media Law Blog

The Many-Headed Threat of Ransomware

It may seem that the very term “ransomware” wasted little time going from “newish-sounding threat” to expected, constant presence in the news and IT meetings alike. But, of course, it’s ultimately just a modern word for one...more

Lowenstein Sandler LLP

Ransomware Case Signifies Shift In Cyber Insurers' Stance

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Ransomware attacks are on the rise. Lax security measures, which have become more acute in the work-from-home environment, continue to be exploited. Companies' systems are hacked into, their data is encrypted, and they face...more

Robinson & Cole LLP

Data Privacy + Cybersecurity Insider - August 2021

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CYBERSECURITY - Extortion Doesn’t Work for EA Sports Hackers - According to The Record, Electronic Arts Sports (EA) was the victim of a cyber hacking in June, when hackers posted on an underground hacking forum that they...more

Robinson+Cole Data Privacy + Security Insider

Extortion Doesn’t Work for EA Sports Hackers

According to The Record, Electronic Arts Sports (EA) was the victim of a cyber hacking in June, when hackers posted on an underground hacking forum that they were in possession of EA data seeking a sale price of $28 million....more

Foley & Lardner LLP

FinCEN Issues Advisory on Cybercrime and Cyber-Enabled Crime Exploiting COVID-19

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On July 30, 2020, the Financial Crimes Enforcement Network (FinCEN) issued an advisory alerting financial institutions to potential indicators of cybercrime and cyber-enabled crime observed during the COVID-19 pandemic.The...more

Robinson & Cole LLP

Data Privacy + Cybersecurity Insider - February 2020 #3

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Natural Gas Compressor Facility Shut Down After Ransomware Attack - The Department of Homeland Security (DHS) announced this week that a ransomware attack shut down a natural gas compressor facility for two days. While in...more

Robinson+Cole Data Privacy + Security Insider

Privacy Tip #227 – Sextortion Ransomware

Criminal minds are creative, and new ransomware strains show just how creative cyber-attackers can be. A new strain of ransomware, dubbed Ransomwared, requests a different kind of payment from the victim than the typical...more

Robinson+Cole Data Privacy + Security Insider

Privacy Tip #193 – FBI Issues Warning to Parents about Sextortion

Summer vacation is almost here for school-age children, which means that kids will have more free time to roam the Internet. Unfortunately, according to the FBI, this means that the threat of online predators is high and the...more

BCLP

Cyber-Extortion

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Extortion refers to situations where a third party demands that an organization pay money (or take some other action) or suffer an adverse consequences. Modern day extortion often takes the form of “cyber-extortion” – where...more

BCLP

Cyber-Extortion: A How-To Guide

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Cyber extortion refers to a situation in which a third party threatens that if an organization does not pay money, or take a certain action, the third party will take an adverse action against the organization. Among other...more

Robinson+Cole Data Privacy + Security Insider

Symantec releases “Ransomware and Businesses” report

Symantec Corp released its annual “Ransomware and Businesses” report this week outlining the increasing sophistication of ransomware attacks. Individuals continue to be the primary target of ransomware attacks as they usually...more

Robinson+Cole Data Privacy + Security Insider

FBI’s cyber most wanted: Spotlight on Firas Dardar and Ahmed Agha

New additions to the FBI’s Cyber’s Most Wanted List show “the line between ordinary criminal hackers and potential national security threats is increasingly blurry,” according to Assistant Attorney General for National...more

Robinson+Cole Data Privacy + Security Insider

Cyber prosecutions update

The feds have been busy on the cyber prosecutions front. First, on March 18, 2016, the FBI announced that a multi-agency collaborative effort blew up an identity theft ring whose leader was an inmate in a Georgia prison. The...more

Nossaman LLP

Purchasing Cyber Insurance? Important Considerations from the Recent Nossaman/ UCI Cyber Symposium

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On October 12, 2015, Nossaman and UC Irvine hosted a Cyber Symposium at the City Club in Los Angeles. The event included four panels of Nossaman lawyers, UCI professors, and private professionals who are experts in the areas...more

Mintz

Cyber Extortion: What to Do When Your Data is Being Held for Ransom

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Imagine you are the IT systems administrator of a large corporation. Coffee in hand, you sit down one morning and log in. You receive a message that there has been an intrusion into the corporate database, a large amount of...more

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