News & Analysis as of

Hackers Third-Party Risk

Foley & Lardner LLP

Rolling With the Punches in a Networked World: CCOE Cybersecurity Panel Discussion

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Whether the game is football, baseball, hockey, or Indy Car racing, no team goes into their major championship matchup without training. Companies need to train as well if they intend to operate on the internet and expect to...more

Barnea Jaffa Lande & Co.

Do You Own a Database? You’re Also Responsible for Actions Performed by Third Parties

The Black Shadow hacking group’s attack on Cyberserve, reported a few days ago, has resulted (at this point in time) in the leaking of a database with more than 800,000 records pertaining to various individuals and the...more

Lighthouse

Cybersecurity Defense: Recommendations for Companies Impacted by the Biden Administration Executive Order

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As summarized in the first installment of our two-part blog series, President Biden recently issued a sweeping Executive Order aimed at improving the nation’s cybersecurity defense. The Order is a reaction to increased...more

Bilzin Sumberg

A Hard Lesson from the Colonial Pipeline Ransomware Attack

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In the immediate aftermath of the May 7, 2021 Colonial Pipeline ransomware attack, the focus, naturally, is on the rush to get the pipeline back on line after identifying and patching any vulnerabilities that caused the...more

NAVEX

[Webinar] Top Risk Management Lessons from the SolarWinds Hack - January 27th, 10:00 am - 11:00 am PT

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Last month there was a cyber-attack suspected to have been perpetrated by Russian hackers. The attack was traced back to third party – a network management software vendor, SolarWinds. Among its 300,000 customers, SolarWinds...more

Robinson+Cole Data Privacy + Security Insider

Ubiquiti Notifies Customers of Breach

Ubiquiti, a manufacturer of products used for networks such as routers, webcams and mesh networks, announced this week that an unauthorized access to its systems hosted by a third-party cloud provider may have compromised...more

Bass, Berry & Sims PLC

Privacy Perils: Pandemic Identity Theft

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The past few months have been hard on many people and businesses. Some of us may even know individuals who lost their job due to the pandemic. Unfortunately, there are always those who prey on the misfortunate...more

Robinson+Cole Data Privacy + Security Insider

Delta Sues Vendor for Causing Data Breach

In an unusual move, Delta Airlines (Delta) sued one of its vendors last week for the data breach it experienced in 2017. It’s an unusual move for several reasons. First, in our experience when a vendor causes a data breach,...more

Patterson Belknap Webb & Tyler LLP

A (Secondary) Education in Data Security

On January 18, 2018, the New York State Education Department (“NYSED”) announced that one of its vendors, Questar Assessment, experienced a data breach resulting in the unauthorized disclosure of personal information from...more

Dickinson Wright

The Grey’s Anatomy / Allscripts Ransomware Crossover Event: When Scripted TV Becomes Reality, the Script Goes Out the Window

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For those familiar with the Shonda Rhimes juggernaut, Grey’s Anatomy, it is the story of surgical residents, fellows, and attending physicians as they work in the surgical wing of the fictional Grey Sloan Memorial Hospital....more

The Volkov Law Group

Cybersecurity Compliance for Financial Institutions

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The New York Department of Financial Services has adopted detailed cybersecurity regulations for financial institutions. (Here). The NYDFS has filled a vacuum created by the failure of the federal government to act in this...more

BakerHostetler

The SEC OCIE Announces Increased Scrutiny of Broker-Dealers’ and Investment Advisers’ Cybersecurity Programs

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On September 15, 2015, the Securities and Exchange Commission’s Office of Compliance Inspections and Examinations (OCIE) issued a National Exam Program Risk Alert (2015 Risk Alert) to provide broker-dealers and investment...more

King & Spalding

Unprecedented Hacking and Trading Scheme Highlights Key Cybersecurity Lessons

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On Aug. 11, 2015, federal prosecutors in the District of New Jersey and the Eastern District of New York unsealed indictments against nine individuals in the U.S. and Ukraine who were allegedly involved in a five-year,...more

WilmerHale

Report Highlights Bank Vendor Cybersecurity Vulnerabilities

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On April 9, the New York State Department of Financial Services (NYDFS) released a report on bank vendor cybersecurity that highlights the risk that hackers will use third-party service providers to gain access to bank data....more

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