News & Analysis as of September 17, 2024

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Follow this channel for advisories on one of the biggest threats to businesses today. Read a morning brief of fresh guidance and commentary by leading lawyers on security, privacy, risk... more +

Follow this channel for advisories on one of the biggest threats to businesses today. Read a morning brief of fresh guidance and commentary by leading lawyers on security, privacy, risk management, global regulations, data protection, leaks, hacking, cyber insurance, compliance, HIPAA, and every other aspect of cybersecurity of import to corporate readers right now. less -

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

Baker Botts L.L.P. on 8/14/2024

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

The Growing Cyber Risks in Fintech and How to Mitigate Them

Woodruff Sawyer on 6/10/2024

The fintech revolution has reshaped the financial world, creating new opportunities to borrow, save, transact, and invest like never before. With no signs of slowing, fintech revenues are projected to grow sixfold from $245...more

Change Healthcare Ransomware Attack: 10 Lessons Learned

Guidepost Solutions LLC on 4/2/2024

Why does it matter to you? In February of 2024, Change Healthcare, a prominent player in the healthcare industry, fell victim to a ransomware attack that sent shockwaves through its systems and networks. The incident...more

Data Breaches up 72% From Record High: Cyber Incident Readiness Must be Top of Mind

Epiq on 3/13/2024

“Protect your data! Breaches are on the rise!” These warnings seem to be everywhere – and rightfully so. Threat actors are sophisticated and new breach trends are constantly materializing. Awareness is no longer enough. It...more

Evolution of the Chinese Hacking Threat: Risks for Government and Industry

Bradley Arant Boult Cummings LLP on 12/8/2023

On May 24, 2023, Microsoft announced the detection of a direct threat to critical infrastructure organizations in Guam and elsewhere in the United States. The alert attributed observed malicious activity to a state-sponsored...more

NYAG Settles with Personal Touch for $350,000 over Phishing Incident

Robinson+Cole Data Privacy + Security Insider on 10/27/2023

According to a press release, Personal Touch, a home health company located on Long Island, has reached a settlement with New York Attorney General Letitia James for $350,000 for a data breach that occurred in January of 2021...more

House Subcommittees Hold Hearing on Combating Ransomware Attacks

Patterson Belknap Webb & Tyler LLP on 10/24/2023

In late September, two subcommittees of the U.S. House of Representatives held a joint hearing on responding to ransomware attacks. The hearing—held by the Subcommittee on Cybersecurity, Information Technology, and Government...more

Privacy Briefs: October 2023

Health Care Compliance Association (HCCA) on 10/6/2023

Report on Patient Privacy 23, no. 10 (October, 2023) Kaiser Foundation Health Plan Inc. and Kaiser Foundation Hospitals will pay California $49 million to resolve allegations that they unlawfully disposed of hazardous waste,...more

Recommendations for Managing Cybersecurity Threats in the Manufacturing Sector

Foley & Lardner LLP on 9/25/2023

In the hyper-connected era of smart manufacturing, accelerated by “Industry 4.0,” the manufacturing sector is undergoing a digital revolution. By leveraging technologies such as advanced automation, artificial intelligence,...more

7 Key Practices Companies Should Implement to Ensure Cyber Safety in the Age of Remote Work

Flaster Greenberg PC on 7/13/2023

Cybersecurity is critically important in the age of remote work. With more people working from home and accessing company systems and data remotely, the potential for cyberattacks and data breaches has increased...more

Building Ransomware Resilience - A Proactive Strategy for Businesses and Regulators

WilmerHale on 6/2/2023

The rise of ransomware attacks has prompted the international community to explore a range of approaches to deter these attacks, including the use of sanctions, the further development and instantiation of norms governing...more

Ransomware: The Top 5 Myths and Misconceptions

Ankura on 5/15/2023

Ransomware has become a major threat to businesses across the world as cyber-attacks are becoming increasingly sophisticated, resulting in devastating financial damage for companies that fall victim. Not only are important...more

How Cybersecurity Protects Valuation: Considerations for Private Equity in the Deal Lifecycle

Ankura on 4/27/2023

Cybersecurity risk applies to businesses of all sizes and across all industries – it is a risk that cannot be ignored. In particular, cybersecurity risk can no longer be ignored in the deal lifecycle...more

Ransomware Attacks Against Healthcare Providers Continue to Increase

Fox Rothschild LLP on 1/20/2023

The systems healthcare providers use to provide safe and reliable patient care, and their confidential patient information, provide attractive targets for hackers using ransomware to extort payment....more

Cyber Resilience: From Third-Party to Cyber Risk Management

Mitratech Holdings, Inc on 12/20/2022

It is safe to say that Board members, CEOs and other key decision-makers everywhere, recognize the significance of cyber risk management and the heavy investment that initiatives in this field represent. Cyber risks in the...more

Hinshaw Insurance Law TV – Cybersecurity Part One: Data Breach Notification

Hinshaw & Culbertson LLP on 11/2/2022

Scott Seaman—Chicago-based partner and co-chair of Hinshaw's global Insurance Services Practice Group—hosts Hinshaw partner Annmarie Giblin in a discussion about data security plans for businesses and data breach...more

Protecting Your Organization from Ransomware Threats: New Guidance from Ontario’s Information and Privacy Commissioner

Blake, Cassels & Graydon LLP on 10/28/2022

The Information and Privacy Commissioner of Ontario (IPC), Ontario’s public sector and health privacy regulator, recently released a technology factsheet titled, “How to Protect Against Ransomware.” This factsheet is intended...more

FTC Announces Decision “with a 100% chance of far-reaching” Impact for Data Breaches

Polsinelli on 10/27/2022

On Monday the Federal Trade Commission issued a press release stating it is settling a case against Drizly and its CEO for a data breach that exposed the information of 2.5 million consumers in July 2020. The proposed...more

Ankura CTIX FLASH Update - October 2022 - 3

Ankura on 10/21/2022

Prestige Ransomware Emerges, Targets Ukraine and Poland - A new ransomware variant has emerged in the wild, being used in targeted attacks against the logistics and transportation sectors within Ukraine and Poland. The...more

Ransomware – What it is, how to avoid it, and what to do if you are infected.

Woods Rogers on 10/17/2022

Ransomware has been one of the top cyber threats in the past several years. Thanks to the WannaCry attack of 2017 and others, most people have heard of this type of cyber threat, but many do not know how it works, how to...more

Cybersecurity Risks for Business- A Primer on Prevention

Goldberg Segalla on 10/10/2022

As technology evolves, companies are finding ways to become more nimble and conduct business more efficiently — over remote networks, email on handheld devices, the cloud, and on cellphones. Yet, as technology advances, so...more

How a Cyber Attack Triggers Multiple Parts of a Cyber Security Insurance

Woodruff Sawyer on 10/3/2022

Cyber liability insurance coverage is not a one-size-fits-all blanket policy that can be applied to all types of businesses. Every organization has choices as to what types of cyber liability coverage it needs to protect...more

Potential Harm Enough For Class Action to Proceed in Data Breach Litigation

Genova Burns LLC on 9/14/2022

The Third Circuit Court of Appeals has given new life to a putative class action suit led by a former employee of a company that suffered a ransomware attack, leading to her sensitive information being released onto the Dark...more

Data Privacy + Cybersecurity Insider - July 2022 #2

Robinson & Cole LLP on 7/22/2022

CYBERSECURITY - Cloaked Ursa Using Trusted Online Storage Services to Evade Detection - According to research by Palo Alto’s Unit 42, the most recent campaign by advanced persistent threat Cloaked Ursa (aka APT 20,...more

Dechert Cyber Bits - Issue 14

Dechert LLP on 5/27/2022

Clearview AI Settles Biometric Data Privacy Suit with ACLU - On May 9, 2022, Clearview AI, Inc. (“Clearview”) and the American Civil Liberties Union (“ACLU”) announced an agreement to settle a lawsuit involving Clearview...more

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