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Risk Management Ransomware Information Technology

Robinson+Cole Data Privacy + Security Insider

Scattered Spider Using RansomHub and Qilin Ransomware Against Victims

We previously reported on the concerning mash-up of worldwide cybercriminals, known as Scattered Spider, working together to attack victims. New reports from Microsoft and others indicate that in the second quarter of...more

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

Health Care Compliance Association (HCCA)

Privacy Briefs: April 2024

The Cybersecurity and Infrastructure Agency (CISA) is seeking comment on a proposed rule to implement reporting requirements for critical infrastructure entities, including health care entities, on cyberattacks and ransomware...more

Health Care Compliance Association (HCCA)

Privacy Briefs: March 2024

Research from Guidepoint Security found that 2023 saw an 80% increase in ransomware activity year-over-year, driven in part by multiple mass exploitation campaigns impacting hundreds of organizations. In total, the report...more

Robinson+Cole Data Privacy + Security Insider

Ransomware Hitting U.S. Companies at Increasing Rate

Unfortunately, according to Unit 42 of Palo Alto’s recently published “Ransomware and Extortion Report,” ransomware groups had a good year in 2022. They found that threat actors are using multi-extortion tactics to get paid...more

Akin Gump Strauss Hauer & Feld LLP

NYDFS Amended Cybersecurity Rules: Overview of Upcoming Deadlines

On November 1, 2023, the New York Department of Financial Services (NYDFS) announced the adoption of amendments to its Cybersecurity Regulation 23 NYCRR Part 500 (“Amended Cybersecurity Rules” or “Amended Rules”). NYDFS...more

Hinckley Allen

The 2023 Cyber Year in Review

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The Most Significant Developments in Cybersecurity and Cyber-Related Liability Risks - As we reflect upon 2023, it will unfortunately be remembered as a record-breaking year for ransomware and cybercrime....more

Robinson+Cole Data Privacy + Security Insider

Resilience Midyear 2023 Claims Report: Ransomware Cybercriminals Shift Tactics

Resilience issued its Midyear 2023 Claims Report, which is well worth the read. In addition to commenting on the impact of the MOVEit incident, some of the key findings include...more

Robinson+Cole Data Privacy + Security Insider

HC3 Warns Healthcare Organizations of NoEscape Ransomware

On October 12, 2023, the Health Sector Cybersecurity Coordination Center (HC3) issued an Alert to the healthcare industry about a “new threat actor and ransomware,” NoEscape, which is threatening health care organizations....more

Robinson+Cole Data Privacy + Security Insider

CISA + FBI Issue Joint Advisory on AvosLocker Ransomware

The Cybersecurity & Infrastructure Security Agency (CISA) and the Federal Bureau of Investigation (FBI) released a Joint Cybersecurity Advisory on October 11, 2023, urging companies (particularly those in the critical...more

Robinson+Cole Data Privacy + Security Insider

Joint Advisory Warns of Snatch Ransomware

The FBI and CISA issued a Joint Cybersecurity Advisory “#StopRansomware: Snatch Ransomware” on September 20, 2023. The Advisory outlines the indicators of compromise and observed tactics, techniques, and procedures of Snatch...more

The Volkov Law Group

Maintaining Focus on Cyber Risks (Part II of IV)

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If you read about the world of hackers and cyber threats, you will quickly become numb to the creativity and variety of techniques that may threaten your organization.  Like all risks, however, the key is to consider...more

Robinson+Cole Data Privacy + Security Insider

Joint Advisory on MOVEit Transfer Vulnerability Published

CISA and FBI have issued a joint advisory on the MOVEit transfer vulnerability that should be on the radar of CISOs and IT professionals. The CLOP ransomware organization has been reportedly exploiting an SQL injection...more

Robinson+Cole Data Privacy + Security Insider

FIN7/Carbon Spider Attacks Veeam Backup Servers

Researchers at WithSecure cybersecurity firm have seen two malware attacks against Veeam Backup and Replication servers believed to be initiated by cybercrime group FIN7, also known as Carbon Spider, which has also been...more

Burr & Forman

Hacking the Hive: How It Can Help Businesses

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Businesses can breathe a little easier now that one of the world’s top five ransomware networks, the Hive, has been infiltrated and disbanded by the FBI....more

Tenace

What to Do After a Data Breach: Surviving the First 24 Hours

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Today data breaches are a costly and ever-present danger for businesses in both the public and private sector. Each year, the total number of reported breaches grows 5-10% over the previous year, with over 22 billion records...more

Tenace

Why Cybersecurity Investment Isn’t Optional For Small Businesses

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In 2022, the average cost of cybercrime has reached $4.35 million per organization, and the number of data breaches has climbed by 14%. But despite the rising frequency and impact of cyberattacks, many businesses still do not...more

Robinson+Cole Data Privacy + Security Insider

U.S. Agricultural Machinery Manufacturer Hit with Ransomware Attack

This week, AGCO, a U.S. agricultural machinery manufacturer, suffered a ransomware attack that affected its business operations and shut down its systems. AGCO, headquartered in Duluth, Georgia, designs, produces, and...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

Robinson+Cole Data Privacy + Security Insider

Joint International Advisory Warns of Increased Global Threat of Ransomware

A joint Cybersecurity Advisory issued by U.S. and international partners, entitled “2021 Trends Show Increased Globalized Threat of Ransomware,” warns of “the growing international threat posed by ransomware over the past...more

K2 Integrity

Cyber Predictions 2022

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Where We Stand - This year kicks off against the backdrop of the security flaw found in Log4j, a system-logging code library widely used in applications and services across the Internet. In the aftermath of this crisis, a...more

NAVEX

The New Normal Workplace (pt. 1) – R&C Management

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Most businesses began 2021 with ambitions to return to the office. But in keeping with a trend of disruption, we are faced with new COVID variants, questions on when and how schools will respond, a cultural shift towards...more

Robinson & Cole LLP

Data Privacy + Cybersecurity Insider - January 2022 #4

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CYBERSECURITY - 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...more

Robinson+Cole Data Privacy + Security Insider

China-Based Ransomware Operator Exploiting Log4j Vulnerability

Microsoft has issued frequent updates on the Log4j vulnerability that we have been hearing so much about. The vulnerability is a serious problem that will become more widespread as time goes on....more

Robinson+Cole Data Privacy + Security Insider

Rebranded Ransomware Group Sabbath Hitting Hospitals and Schools

Researchers at Mandiant have recently reported that a new ransomware group calling itself Sabbath appears to be the rebranded group Arcane and “picked up their pace” in November....more

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