News & Analysis as of

Cyber Attacks

GameStop Currently Investigating Possible Data Breach

by Revision Legal on

GameStop is the most recent potential victim of cyber data breach, and the company recently hired a leading security firm to conduct an investigation into allegations that the company’s website was hacked and that customer...more

Qakbot: Insight into a Persistent, Polymorphic Malware from the Cyber Defense Team at K2 Intelligence

Qakbot (Qbot) first emerged in 2009 as a piece of malware designed to steal online banking credentials from infected computers. It used classic key-logger technology combined with an ability to steal active session...more

State of the Cyber Nation: UK Government Report on Cybersecurity Breaches

by Hogan Lovells on

On 19 April 2017, the UK Government’s Department for Culture, Media and Sport (DCMS) published a report on cybersecurity breaches and how they affected UK companies in the last year. Headline statistics from the report...more

Ransomware Attacks: When Is Notification Required?

by Latham & Watkins LLP on

Ransomware is not only a growing security threat but a potentially thorny notification issue. Ransomware is one of the most prevalent cybersecurity threats afflicting businesses today. When an attack hits, a victim...more

Deeper Dive: Phishing/Hacking/Malware Attack Remain Leading Cause of Security Incidents

by BakerHostetler on

During 2016, our BakerHostetler privacy and data protection team worked on data security incidents across virtually all industries. For the second year in a row, phishing/hacking/malware attacks have accounted for the largest...more

Security Breach Notification Becomes More Complex For Employers

by Littler on

With new and sophisticated schemes perpetrated by hackers and scammers, and sensitive personal information becoming increasingly accessible to numerous insiders, it is only a matter of time before most employers will be...more

Five Pitfalls of Cybersecurity Insurance: Lessons from the United States

by Bennett Jones LLP on

Given the increasing threat of cyberattacks and the corresponding costs, businesses are increasingly considering cybersecurity insurance. But insurance is only as effective as the scope of the coverage. Though Canadian...more

Privacy Tip #83 – “Alexa, Disconnect Yourself from the Internet Now!” BrickerBot Malware Attacking IoT

We often talk about how anything that is connected to the Internet is hackable and unsafe, and to be careful about how you buy and connect devices, products, appliances, home security systems and other wireless “things.”...more

Deeper Dive: Frequency and Severity

by BakerHostetler on

All industries are affected by cyberattacks, but how often and to what extent they occur vary greatly by industry type. As for frequency, the healthcare industry in 2016, for the third year in a row, saw the greatest...more

Be Compromise Ready: Go Back to the Basics

by BakerHostetler on

We are excited to release our third annual BakerHostetler Data Security Incident Response Report. This report analyzes the more than 450 data security incidents we led clients through in 2016. Companies continued to...more

March Sees an Uptick in Health Data Breaches

The monthly breach report issued by Protenus last week outlining data breaches that occurred in the month of March concludes that there was an “uptick in the number of health data breach incidents.”...more

SWIFT Shores Up Network Security With Real Time Cybersecurity Tools

In an effort to combat an increasing number of fraudulent transfers carried out using its network, SWIFT, the international bank transfer network, announced this month that it is adding new tools and controls designed to...more

Do you get Bragging Rights if the Malware Infecting your Computer was Named after Zeus?

by Bryan Cave on

Over the last decade as the specter of cyber attacks has increased dramatically, financial institutions have been encouraged to look into the use of cyber fraud insurance as one means of minimizing risk. A recent decision by...more

ABCD Pediatrics Victim of Ransomware

ABCD Pediatrics, located in San Antonio, Texas has notified the Office for Civil Rights that a ransomware cyber intrusion has resulted in access to its servers, including the protected health information (PHI) of its...more

Erie County Medical Center IT Systems Shut Down By Virus

Buffalo, New York Erie County Medical Center has announced that its IT system has been shut down since Sunday, April 11, 2017, due to an unnamed virus. The shut-down has affected the medical facility’s email system,...more

Homeland Security Committee Hearing Focuses On “Borderless Battle” Of Cyber Threats

by King & Spalding on

On March 22, 2017, the U.S. House Committee on Homeland Security heard testimony on the current state of the global cyber battleground, how rapid changes in technology and the expanding Internet-of-Things (“IoT”) present new...more

Stressed about CATs? The London Market Is Ready

by Zelle LLP on

Earlier this year, a London insurance market industry group published London Market looks ahead: Preparing for the next big insurance event, a White Paper describing a stress test of the market when faced with a...more

N.Y.’s New Cybersecurity Regulations: What Financial Services Companies Need to Know

With corporate data security breaches on the rise, the New York State Department of Financial Services (NYDFS) has adopted rules requiring financial institutions to take certain measures to safeguard their data and inform...more

IBM Issues 2017 X-Force Threat Intelligence Index Findings

Last week, IBM published its X-Force Threat Intelligence Index (Index), which summarizes the state of leaked records and vulnerabilities to data in 2016. It is depressing, but informative....more

Health Care Group News: FBI Releases Warning on Cyber Criminals Targeting Sensitive Information Through File Transfer Protocol...

by Murtha Cullina on

Cyber criminals are constantly seeking new ways to gain access to personal and health information and, on March 22, 2017, the FBI issued a specific warning to health care providers regarding threats to File Transfer Protocol...more

McDonald’s Canada’s Job Site Hacked

McDonald’s Canada has shut down its careers webpage following a breach that occurred in mid-March. A hacker gained access to the jobs section of its website and compromised the personal information, including names,...more

IRS is Hacked, Again!

The New York Times reported yesterday that identity thieves may have compromised up to 100,000 U.S. taxpayer accounts. The criminals apparently took advantage of a software tool that loaded information from tax returns onto...more

Cyber security practitioner

by Dentons on

Earlier this year, the chairman of the UK's National Cyber Management Centre warned that "a major bank will fail as a result of a cyber attack in 2017". Scarily, this does not seem so far-fetched. Indeed, it is predicted that...more

How Autonomous Vehicles Will Change and Shape the Product Liability Market

by Hogan Lovells on

In this hoganlovells.com interview, Dr. Sebastian Lach discusses the massive liability shift that will occur as autonomous vehicles (AV) hit the roadways and the factors that will influence how insurers calculate risk....more

Beware of the Man-In-The-Middle: Malicious Eavesdroppers on the Internet

Imagine this: Dr. Primary is treating Patty Patient for substance abuse and emails Patty Patient’s protected health information (PHI) to a treatment clinic. Before the email arrives at the clinic, it is intercepted by a third...more

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Cybersecurity

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