News & Analysis as of

Ransomware Russia

Baker Botts L.L.P.

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

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

Robinson+Cole Data Privacy + Security Insider

Privacy Tip #408 – Russian Cybercriminals Get 69% of Ransom Payments

Anecdotally, we know that cybercriminals hailing from Russia are a significant risk to U.S.-based and world companies and governmental entities. With two convicted Russian cybercriminals being released this week in the...more

Nelson Hardiman, LLP

Hacking and Healing: Nation-States, Cyber Attacks, and Healthcare Law

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Modern warfare is no longer restricted to physical battlefields and professional military. Countries like North Korea and Russia have few qualms about using cyberspace to reach well beyond their physical borders to target...more

Ankura

Ankura Cyber Threat Investigations FLASH Wrap-Up [Report]: December 2023

Ankura on

The Ankura Cyber Threat Investigations and Expert Services (CTIX) FLASH Wrap-Up is a collection of high-level cyber intelligence summaries pertaining to current or emerging cyber events in December 2023, originally published...more

Robinson+Cole Data Privacy + Security Insider

Boeing Hit with LockBit Ransomware

Boeing has confirmed that its parts and distribution site has been attacked by LockBit ransomware, which is believed to be Russian based. Boeing has said that the attack has not affected flight safety. Boeing is investigating...more

WilmerHale

Building Ransomware Resilience - A Proactive Strategy for Businesses and Regulators

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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

The Volkov Law Group

Ransomware Criminal Prosecution of Russian National Underscores Pervasive Ransomware Risks

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In today’s world of cyber threats, many companies have fallen victim to ransomware attacks.  Corporate boards and senior executives face serious issues when their companies are attacked. The payment of ransom is not only...more

NAVEX

Third-Party Risks Making Headlines in 2023 and How to Prepare

NAVEX on

Third parties have posed significant risks to companies for years, but perhaps more so now than ever before. Cyber threats, Russia sanctions, and a new wave of child labor in the United States are just a few risks making...more

Robinson & Cole LLP

Data Privacy + Cybersecurity Insider - March 2023 #2

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CYBERSECURITY - Clop Claims Zero-Day Attacks Against 130 Organizations - Russia-linked ransomware gang Clop has claimed that it has attacked over 130 organizations since late January, using a zero-day vulnerability in...more

Robinson+Cole Data Privacy + Security Insider

Clop Claims Zero-Day Attacks Against 130 Organizations

Russia-linked ransomware gang Clop has claimed that it has attacked over 130 organizations since late January, using a zero-day vulnerability in the GoAnywhere MFT secure file transfer tool, and was successful in stealing...more

Ankura

Trends and Moments that Defined 2022 & Predictions for 2023

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While there have been major developments in areas such as data security, cloud computing, and artificial intelligence over the past year, threat actors are becoming increasingly aggressive, sophisticated, and in some cases,...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

Ankura

Ankura CTIX FLASH Update - January 2023 - 2

Ankura on

Health and Human Services Organization Discloses Ransomware Attack and Breach from Early 2022 - On January 5, 2023, Maternal & Family Health Services (MFHS) disclosed that a ransomware attack occurred on April 4, 2022, and...more

Ankura

Ankura CTIX FLASH Update - December 2022 - 2

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Colombian Energy Provider Empresas Públicas de Medellín Suffers ALPHV Ransomware Attack - Empresas Públicas de Medellín (EPM), one of Colombia's largest public energy, water, gas, sanitation, and telecommunication...more

Hogan Lovells

FinCEN analysis of BSA filings in 2021 reveals increased number and severity of ransomware attacks

Hogan Lovells on

The Financial Crimes Enforcement Network’s most recent financial trend analysis report on ransomware-related Bank Secrecy Act filings for 2021 reveals an increased number of ransomware attacks and that a substantial number of...more

Ankura

Ankura CTIX FLASH Update - October 2022 - 3

Ankura on

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

Ankura

Ankura CTIX FLASH Update - September 2022

Ankura on

"EvilProxy" Provides Low-Skill Threat Actors Access to Advanced Phishing Techniques - A new Phishing-as-a-Service (PaaS) platform dubbed "EvilProxy" has been discovered by Resecurity researchers. PaaS platforms allow...more

American Conference Institute (ACI)

[Event] Canadian Forum on Global Economic Sanctions - September 22nd - 23rd, Toronto, ON, Canada

The Canadian Institute’s 7th Annual Canadian Forum on Global Economic Sanctions returns to Toronto in-person and via livestream on September 22-23! Join a Canadian and international faculty of government of officials,...more

Lowenstein Sandler LLP

Trade Matters - Lowenstein Sandler's Global Trade & National Security Newsletter - August 2022

1. FinCEN and BIS Target Financial Institutions for Export Compliance- On June 28, the Financial Crimes Enforcement Network (FinCEN) and the Bureau of Industry and Security (BIS) issued their first joint alert urging...more

Pietragallo Gordon Alfano Bosick & Raspanti,...

Hacking Your Health: Can Your Electronic Health Record Be Hacked?

Takeaway: With ransomware attacks increasing over the past few years, healthcare organizations can expect hackers to make ransom demands while holding their computer systems hostage....more

Ankura

LockBit Implements New Technique by Leaking Victim Negotiations

Ankura on

While many ransomware groups come and go, LockBit seems to be the one that persists. First discovered in September 2019 using the name ABCD, and then gaining notoriety as LockBit in April 2020, the group has outlasted many of...more

Faegre Drinker Biddle & Reath LLP

Ransomware Payments Become an Even Riskier Choice Amidst the Ever-Growing Sanctions List

In February 2022, Executive Order 14024 highlighted that Russia’s invasion of Ukraine threatened not only Ukraine but also the national security and foreign policy of the United States. Pursuant to this executive order, and...more

Ankura

Ankura CTIX FLASH Update - June 24, 2022

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Spyware Vendor RCS Labs Observed Infecting Android and iOS users with Commercial Surveillance Tools - Google's Threat Analysis Group (TAG) published a report regarding RCS Labs' activity involving infecting Android and iOS...more

Wiley Rein LLP

RSA Conference Day 1: The Only Constant is Change

Wiley Rein LLP on

I am at the RSA Conference 2022 in San Francisco, my first time as a member of the private sector, since retiring from the FBI last year. I attended one of the keynotes on the first day of the conference, in between panels on...more

Nossaman LLP

$1M Colonial Pipeline Fine: The Canary in the Coal Mine?

Nossaman LLP on

A proposed $1M civil penalty against Colonial Pipeline for its procedural failures during a ransomware attack could indicate what’s in store for critical infrastructure operators who fail to keep employees up to date on how...more

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