News & Analysis as of

Cyber Crimes

Over 80 Percent of Hacking Related Breaches Were Related to Password Issues: Cybersecurity Trends

by CloudNine on

I’ve referred to last year’s Verizon Data Breach Investigations Report (DBIR) in several webcasts lately (including this one) and realized that this year’s report should have already come out by now. Sure enough it has,...more

Global Privacy & Cybersecurity Update Vol. 14

by Jones Day on

New York Attorney General Announces Record Number of Data Breach Notices in 2016 - On March 21, 2017, the New York Attorney General's Office announced that it received 1,300 reported data breaches in 2016—a 60 percent...more

Record-Setting Target Settlement Changes Expectations for Institutional Data Security

On May 24, 47 state attorneys general settled with Target for $18.5 million regarding its 2013 data breach. The implications of the agreement may be more far-reaching than many companies realize. The fact that nearly all...more

Want to Find Malware in Your Network Sooner? Listen to Your Network: Cybersecurity Best Practices

by CloudNine on

One of the most telling statistics about cybersecurity and data breaches that we covered during Wednesday’s webcast was from last year’s Verizon Data Breach Incident Report which said that almost 93 percent of breach...more

Privacy & Cybersecurity Update - May 2017

In this edition of our Privacy and Cybersecurity Update, we take a look at the Trump administration's executive order outlining its cybersecurity plans, Acting FTC Chairwoman Maureen Ohlhausen's comments on the possible...more

Post-WannaCry—US-CERT Warns of Samba Security Flaw

Following the massive WannaCry event, the mantra among security folks is push patches to vulnerabilities as soon as they are released. US-CERT issued a warning late last week that there is a newly discovered flaw,...more

Privacy Tip #90 – Payment Card Breaches - Both Sides of the Story

We hear daily about another payment card breach at a retail store, restaurant chain or hotel line. The response to a payment card breach differs from company to company. I get a lot of questions about payment card breaches...more

$10 domain name halts spread of WannaCry ransomware

by Hogan Lovells on

A major global ransomware attack going by the name of WannaCry was recently short circuited by the registration of a single domain name costing just over $10. The unregistered domain name consisting of random characters was...more

No More Tears: Insurance Coverage For The "WannaCry" Ransomware Attack

by Jones Day on

This month's WannaCry "ransomware" attack—the first truly global incident of its kind—is believed to have affected at least 300,000 computers in over 150 countries, claiming among its victims many large corporations and...more

SEC Urges Investment Firms to Better Prepare for Ransomware Attacks

by Nossaman LLP on

On May 17, 2017, the SEC’s Office of Compliance Inspection and Examination (“OCIE”) issued a risk alert urging broker-dealers, investment advisors and investment companies to safeguard themselves against ransomware in light...more

Rite Aid’s Online Store Breached

Rite Aid has admitted that its online eCommerce platform was accessed by unauthorized individual(s) from January 30, 2017, through April 11, 2017, and their customers’ names, addresses and payment card information, including...more

Weapons in the Cyber Defense Arsenal

by Wilson Elser on

In May 2017, the world experienced an unprecedented global cyberattack that targeted the public and private sectors, including an auto factory in France, dozens of hospitals and health care facilities in the United Kingdom,...more

WannaCry Ransomware Alert

This is not a drill. Companies and law enforcement agencies around the world have been left scrambling after the world’s most prolific ransomware attack hit over 500,000 computers in 150 countries over a span of only 4...more

WannaCry: What to Know and What to Do

by Snell & Wilmer on

On Friday, May 12, 2017, a malicious ransomware program known as WannaCry was discovered infecting computer systems all over the world. It set off alarms globally, and so far has infected over 200,000 computers across more...more

Don't WannaCry? Then You Better Prepare: Advice for Legal and Compliance Leaders in the Wake of a Global Cyberattack

by Faegre Baker Daniels on

In the aftermath of the WannaCry ransomware attack, all organizations should take the opportunity to examine their cybersecurity protocols with an eye for optimizing practices and mitigating risks. We've outlined action items...more

Privacy Tip #88 – The Challenge of Keeping Up with Patches

Over the past week, many clients and individuals have asked me why some companies and health care facilities were devastated by the WannaCry ransomware, and why others made it through the weekend without a blink of an eye....more

United States Department Of Justice Seeks To Dismantle Massive Kelihos Botnet, Files Complaint In Federal District Court

by King & Spalding on

The United States Department of Justice (“DOJ”) recently announced that it would be undertaking an “extensive effort to disrupt and dismantle the Kelihos botnet – a global network of tens of thousands of infected computers...more

White House Issues New Cybersecurity Executive Order

by Ballard Spahr LLP on

President Trump recently signed the Presidential Executive Order on Strengthening the Cybersecurity of Federal Networks and Critical Infrastructure. The Order sets forth the Trump Administration's policy for cybersecurity of...more

Is Your Organization Ready for a Systemwide Ransomware Attack?

by Ballard Spahr LLP on

Ransomware attacks just went big time. In a period of mere hours late last week, a global ransomware attack infected more than 200,000 computers and affected more than 100,000 organizations in over 150 countries. To put this...more

Brooks Brothers Reports Payment Card Data Breach

A lawyer’s nightmare: retailer Brooks Brothers announced late last week that it has become the newest retailer to suffer a payment card data breach. According to Brooks Brothers, which is calling it a “data incident”,...more

WannaCry Ransomware Attacks Should Be a Wake-Up Call for Cybersecurity Diligence

Last week’s massive ransomware attack should serve as a wake-up call that companies across all industries and regions must take the threat of global cyber attacks seriously. Although investigators are still uncovering...more

WannaCry: The Global Ransomware Attack

by Jones Day on

A new and widespread ransomware attack is affecting institutions around the world, with reports of hundreds of thousands of infections in nearly 150 countries, including the United States, United Kingdom, Spain, Russia,...more

Ransomware: How to Avoid It and What to Do If You Have Been Hit

by Perkins Coie on

Computer systems around the world have been impacted by the largest cyber-extortion attack in history. According to news reports, the “ransomware” attack hit more than 200,000 victims in 150 countries since it started on...more

What is a Zero-Day Vulnerability?

by Revision Legal on

In the realm of cyber security there are many types of attacks and vulnerability exploits that can be used by hackers to gain unauthorized access to computer systems: viruses, Trojans, malware, ransomware, phishing, and a...more

Global Ransomware Attack: Preparation is Key

by Foley & Lardner LLP on

Businesses have been scrambling since Friday evening when news spread that a ransomware attack named WannaCry is compromising organizations at an alarming rate. In less than 48 hours, it has compromised more than 130,000...more

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Cybersecurity

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