News & Analysis as of

Cyber Crimes Ukraine

Baker Botts L.L.P.

'Ransom Cartel' Leader Indicted: A Reminder of Cybercrime’s Growing Reach

Baker Botts L.L.P. on

The recent indictment of Maksim Silnikau, a Belarusian and Ukrainian national, is a clear reminder that cybercriminals are becoming more sophisticated and bold....more

Foley Hoag LLP - Security, Privacy and the...

Cyberattacks on the Energy Sector Continue to Rise

Cyberattacks on the energy sector have been rapidly growing since 2017, and we saw an all-time high of cyberattack events on the sector in 2022. The energy sector is particularly vulnerable due to these types of attacks due...more

Kohrman Jackson & Krantz LLP

Why are Company Ransomware Payments Dropping Dramatically?

Companies are increasingly choosing not to pay ransom for ransomware and extortionware due to the growing associated risks. In fact, a recent report by crypto-crime analyst firm Chainalysis found that payments to threat...more

Guidepost Solutions LLC

Focus on Foreign Banks’ Sanctions Compliance Programs in the U.S. and Globally - Upgrading and Empowering Compliance to Help...

As the Russia – Ukraine war rages on, one outcome so far is clear: the Western nations remain aligned and united to confront Russian aggression. The West’s synchronized, roll-out of economic and trade sanctions against...more

EDRM - Electronic Discovery Reference Model

[Flash Webinar] "Cyberwar and the ‘Iceberg Problem’ in Ukraine and Beyond. Can the USG Stop Cyberattacks Against the Private...

Russian intelligence agencies have hacked dozens of civilian organizations in the U.S. and other Ukraine-allied nations since February. While this activity has garnered a great deal of attention due to the conflict in...more

Robinson+Cole Data Privacy + Security Insider

Small Businesses Don’t Recognize Risk of Cyber-Attack Despite Repeated Warnings

CNBC surveys over 2,000 small businesses each quarter to get their thoughts on the overall business environment and their small business’ health. According to the latest CNBC/SurveyMonkey Small Business Survey, despite...more

Burr & Forman

Protecting Against Cyber Threats During the Russia-Ukraine Conflict

Burr & Forman on

“Most of America’s critical infrastructure is owned and operated by the private sector and critical infrastructure owners, and operators must accelerate efforts to lock their digital doors.” — President Joe Biden, March 2022 ...more

Benesch

Ransomware Response Complicated by Growing Number of Sanctions in Wake of Russian invasion of Ukraine

Benesch on

Entities facing significant legal risk, no matter the circumstances, if they make ransom payments to attackers connected to, or originating from Russia. As the Russian invasion of Ukraine continues, the U.S. government...more

Robinson+Cole Data Privacy + Security Insider

Intelligence Points to Likely Russian Attacks on Critical Infrastructure

The cybersecurity authorities of the United States (including CISA, FBI, NSA and DOE), Australia, Canada, New Zealand, and the United Kingdom released a joint Cybersecurity Advisory (CSA) on April 20, 2022, “to warn...more

Foley Hoag LLP - Security, Privacy and the...

US, UK, Australia, Canada and New Zealand Issue Advisory on Russian State-Sponsored and Criminal Cyber Threats to Critical...

The cybersecurity authorities of the United States, Australia, Canada, New Zealand, and the United Kingdom have released a joint Cybersecurity Advisory (CSA) to warn organizations that Russia’s invasion of Ukraine could...more

The Volkov Law Group

OFAC Focuses on Cybercrime by Sanctioning the Hydra Darknet Market and GARANTEX Cryptocurrency Exchange

The Volkov Law Group on

Continuing with both its crackdown on cybercriminals and illicit digital marketplaces, along with its continued economic pressure on the Russian Federation, OFAC has sanctioned two entities that fit both criteria.  On April...more

Eversheds Sutherland (US) LLP

Merck and International Indemnity v ACE (et al.): war exclusion clauses in an age of cyber warfare

Companies should be aware that, as a result of increasing geopolitical instability, there is a heightened risk of cyber-attacks. Particularly in light of the Merck case, they should therefore consider closely examining the...more

Robinson & Cole LLP

Data Privacy + Cybersecurity Insider - March 2022

Robinson & Cole LLP on

CYBERSECURITY - CISA/FBI Advisory Warns of Destructive Malware Used Against Ukraine - The Cybersecurity and Infrastructure Security Agency (CISA) and the FBI issued a joint advisory this week alerting organizations of...more

Robinson+Cole Data Privacy + Security Insider

CISA/FBI Advisory Warns of Destructive Malware Used Against Ukraine

The Cybersecurity and Infrastructure Security Agency (CISA) and the FBI issued a joint advisory this week alerting organizations of destructive malware that is being used to target organizations in Ukraine, with the ongoing...more

Robinson+Cole Data Privacy + Security Insider

CISA Warns “Every Organization” in U.S. to Assess + Respond to Cyber Risks

The Cybersecurity & Infrastructure Security Agency (CISA) recently issued another warning to “every organization” in the U.S. about cybersecurity risks during the ongoing escalation of tension between the U.S. and Russia over...more

Foley Hoag LLP - Security, Privacy and the...

Deja Vu All Over Again: Massive Ransomware Attack Underway

A mere month and a half after the WannaCry strain of ransomware caused major havoc in European and Asian countries, another major ransomware attack hit large institutions across Europe and the United States yesterday. ...more

Robinson+Cole Data Privacy + Security Insider

Hacker arrests and prosecutions update

We previously reported that alleged Ukranian hacker Sergey Vovnenko, also known as “Flycracker,” “Fly” and “Darklife” was extradited from Italy, arrested and charged in New Jersey federal court for his part in disbursing the...more

Robinson+Cole Data Privacy + Security Insider

Feds continue to prosecute hackers

Sergey Vovnenko, a Ukrainian hacker, was charged in New Jersey federal court this week for wire fraud conspiracy, unauthorized computer access and aggravated identity theft for allegedly hacking into networks of financial...more

The Volkov Law Group

Checking In on Sanctions Enforcement

The Volkov Law Group on

The Department of Treasury’s Office of Foreign Asset Control continues to ramp up sanctions enforcement. Even with the likely relaxation of the Iran and Cuba sanctions, OFAC has been continuing its aggressive enforcement...more

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