News & Analysis as of

Cyber Attacks Hackers

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

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

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

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

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

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

FBI Warns Healthcare Industry about Vulnerability of FTP Servers

The FBI issued a Private Industry Alert on March 22, 2017, to health and dental providers entitled “Cyber Criminals Targeting FTP Servers to Compromise Protected Health Information” specifically warning health and dental...more

A New FBI Warning for Healthcare Providers

The FBI has issued new guidance specifically applicable to medical and dental facilities regarding the cybersecurity risk of File Transfer Protocol (“FTP”) servers operating in “anonymous” mode. FTPs are routinely used to...more

Companies May Soon Have a New Defense Against Cyber-Attacks

by Jackson Lewis P.C. on

The Active Cyber Defense Certainty Act is a new bill that is gaining positive bipartisan support and significant interest from business communities, lawmakers and academics. The proposed bill amends the Computer Fraud and...more

Cybersecurity Hacks Remind Law Firms to Secure Their Data

In late December 2016, the United States Attorney’s office in Manhattan unsealed an indictment accusing three Chinese traders of hacking into two US-based global law firms to obtain insider information on mergers and...more

Federal Agencies Hit with 30,899 Cyberincidents in 2016

The Office of Management and Budget (OMB) released a report this week indicating that federal agencies experience almost 31,000 cyberincidents in 2016. The Federal Deposit Insurance Corporation was responsible for 10 of 16...more

Are You Liable If Your Station is Hacked?

Somehow, hackers manage access to your radio station audio chain and broadcast alternate programming with indecent or profane content. What will be the FCC’s reaction? Do you notify the FCC? Originally published on Radio...more

Yahoo Breaches Cost Shareholders $350 Million From Lowered Purchase Price, CEO Forfeits $14 Million in Compensation

Yahoo’s troubles for failing to timely disclose security breaches provides rare insight into quantifying the financial and other costs to a company’s shareholders and leadership when a security breach occurs and is...more

Privacy Tip #77 – FTC Offers Tips to Businesses That Have Been Impersonated by Phishing Schemes

On March 6, 2017, the Federal Trade Commission (FTC) released tips and a video to businesses that have been impersonated by Phishing schemes. The guidance, entitled “Has a phishing scam hooked your company’s good name?”...more

Experts Warning of New Google Chrome Malware Scam

Cybersecurity experts have been warning users about a Google Chrome scam that targets Windows users in the US, UK, Canada and Australia. The scam, which began in December, uses a pop-up stating “The ‘HoeflerText’ font wasn’t...more

Horizon BCBS of New Jersey Pays State $1.1 million for HIPAA violations

We often forget that state AG’s have jurisdiction under the HIPAA Omnibus Rule to levy fines and penalties against HIPAA covered entities for violations. This is because the Office for Civil Rights has traditionally taken the...more

A Primer On FTC Cybersecurity Enforcement

According to the Breach Level Index, the total number of data records lost or stolen in just the first half of 2016 was 554,454,942, stemming from 974 breach incidents. In the entire year of 2015, there were 707.5 million...more

Cyber Security and Social Engineering: A Big Low Tech Problem

by LeClairRyan on

Headline-grabbing cyber hacks of email accounts belonging to celebrities, corporations, government officials and political campaigns are becoming the norm. Cybersecurity intended to guard against these acts brings to mind...more

A Close Look at Policy Wording Is Essential to Ensure Coverage for Cyber Risks

As the demand for insurance coverage for cyber-related losses continues to grow, more insurance companies are offering cyber insurance policies and endorsements, but the market is far from mature and the available policies...more

Yahoo Data Breach Update: A Third Notification + Shareholders Sue

Last week, Yahoo issued another warning to some of its customers telling them that their personal information may have been compromised in a data breach. This is the third notification to Yahoo users that their information...more

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Cybersecurity

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