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Cyber Crimes Bitcoin Data Breach

Fox Rothschild LLP

Ransomware Attacks Against Healthcare Providers Continue to Increase

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The systems healthcare providers use to provide safe and reliable patient care, and their confidential patient information, provide attractive targets for hackers using ransomware to extort payment....more

Robinson+Cole Data Privacy + Security Insider

Karakurt Extortion Group Auctions Data for Ransom

On June 2, 2022, CISA (the Cybersecurity and Infrastructure Security Agency), the FBI, the Department of the Treasury and the Financial Crimes Enforcement Network issued a joint Cybersecurity Alert warning companies of the...more

Jones Day

Policyholders Should Not Overlook Traditional Policies in Evaluating Coverage for Cryptocurrency-Related Risks

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Introduction - Cryptocurrency, such as Bitcoin, is a decentralized and exclusively virtual currency that is secured through cryptography. Companies using or investing in cryptocurrency face various risks, such as market...more

Manatt, Phelps & Phillips, LLP

OFAC Speaks Again on Ransomware: Mature Cybersecurity Programs Are Important

Last year, as employees clicked away at home amid the COVID-19 pandemic lockdown, ransomware attacks surged, with hospitals and other health care providers the top target. This year will be worse—2021 has already seen more...more

Fisher Phillips

The Use of Bitcoin and Cryptocurrencies in Ransomware Attacks: Why Employers Should Care

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As ransomware attacks continue to become more of a concern for employers of all sizes, an increasing number of hackers are demanding cryptocurrency such as Bitcoin in exchange for ending their attack. The recent ransomware...more

Robins Kaplan LLP

Financial Daily Dose 6.14.2021 | Top Story: Whistleblowers Allege Private Equity Games U.S. Tax System

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The Times digs into what it’s calling private equity’s “conquer[ing of] the American tax system”—where “slight-of-hand tax-avoidance strategies” are so “aggressive” and pervasive that “at least three private equity officials...more

Spilman Thomas & Battle, PLLC

Decoded: Technology Law Insights - Issue 10, November 2020

VIDEO: Cryptocurrency - Legitimate Uses and Potential Issues - Following the recent publication of the U.S. Attorney General's cryptocurrency enforcement framework, Spilman attorneys Corey Bonasso and Nick Mooney discuss...more

Jackson Lewis P.C.

Hacked Healthcare Provider Refuses To Pay Ransom, Attackers Target Psychotherapy Patients

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Earlier this year, we reported on an evolution in the form of cyberattack known as ransomware –attackers transitioning from denying affected users access to critical data by encrypting it to removing data from the compromised...more

Robinson+Cole Data Privacy + Security Insider

New York Department of Financial Services Issues Report on Recent Twitter Hack

You probably heard about the recent hack of Twitter accounts that took place on July 15, 2020. The hackers took over several prominent Twitter accounts, which resulted in a scam that netted over $118,000 in bitcoin for the...more

Lowndes

Dear Ransomware Victim and Your Accountants, Attorneys and Forensic Specialists: The Government Just Made Your Life Harder

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By now, most everyone knows that ransomware is software that infects your computer system, makes your data irretrievable and usually breaks things along the way. To unlock your system, the bad guys (or girls) demand you pay a...more

Robinson+Cole Data Privacy + Security Insider

Alabama City Hit with Ransomware

On June 5, 2020, Florence, Alabama’s information technology systems were hit with ransomware by the DoppelPaymer group demanding a ransom payment of $378,000 in bitcoin....more

Robinson & Cole LLP

Data Privacy + Cybersecurity Insider - April 2020 #3

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Sodinokibi Hackers Switch Payment Mechanism to Monero - The hackers behind the Sodinokibi/REvil ransomware have reportedly switched their demands for payment from Bitcoin or Ethereum to Monero cryptocurrency to try to...more

Robinson+Cole Data Privacy + Security Insider

Sodinokibi Hackers Switch Payment Mechanism to Monero

The hackers behind the Sodinokibi/REvil ransomware have reportedly switched their demands for payment from Bitcoin or Ethereum to Monero cryptocurrency to try to prevent law enforcement from tracking payments....more

Robinson & Cole LLP

Data Privacy + Cybersecurity Insider - February 2020 #3

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Natural Gas Compressor Facility Shut Down After Ransomware Attack - The Department of Homeland Security (DHS) announced this week that a ransomware attack shut down a natural gas compressor facility for two days. While in...more

Robinson+Cole Data Privacy + Security Insider

Ransomware—to Pay or Not to Pay and Should We Get a Bitcoin Wallet Just in Case?

There’s nothing worse than paying criminals. And paying a ransom for data is just that—paying criminals for a criminal act. All you get out of the payment is access to your data....more

Robinson & Cole LLP

Data Privacy + Cybersecurity Insider - February 2020 #2

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Ransomware Attacks Predicted to Occur Every 11 Seconds in 2021 with a Cost of $20 Billion - Confirming what we are seeing in the field, cybersecurity firm Cybersecurity Ventures has predicted that, globally, businesses in...more

Robinson & Cole LLP

Data Privacy + Cybersecurity Insider - December 2019

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National Veterinary Associates (NVA), a large network of veterinary hospitals and clinics, has reportedly been the victim of a ransomware attack. According to the reports, NVA employs more than 2,600 veterinarians, with over...more

Robinson & Cole LLP

Data Privacy + Cybersecurity Insider - December 2018 #2

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A report released by cybersecurity firm Agari has come to conclusion that we have been experiencing all year—a hacking group in Nigeria, dubbed “London Blue,” is targeting CFOs and controllers from small businesses to...more

Robinson+Cole Data Privacy + Security Insider

HaoBao Malware Hitting Banks Scans for Bitcoin Activity

Lazarus, the well-known hacking group responsible for the WannaCry ransomware attack from last year, as well as the attack on the Bangladesh Central Bank and Sony, is now targeting global financial firms and Bitcoin adopters...more

Robinson & Cole LLP

Data Privacy + Cybersecurity Insider - December 2017 #2

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$64 Million in Bitcoin Stolen from NiceHash - Many are lamenting not purchasing bitcoin now that its value has skyrocketed. Recently, Massachusetts Secretary of State William Galvin warned investors to stay away from...more

Robins Kaplan LLP

Your Daily Dose of Financial News

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The latest on the potential Disney move for “significant parts of 21st Century Fox,” which is nearing completion and could see Murdoch scion leaving his father and brother in order to work for Big Mouse....more

Hogan Lovells

$10 domain name halts spread of WannaCry ransomware

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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

Sheppard Mullin Richter & Hampton LLP

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

K2 Integrity

WannaCry Ransomware Update 16 May 2017

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This is an update to our 15 May 2017 e-mail regarding WannaCry ransomware, also known as WannaCry, Wry, WanaCrypt0r, Wannacrypt, Wanna Decryptor, etc....more

Seyfarth Shaw LLP

WannaCry Ransomware Attack: What Happened and How to Address

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Recently, a widespread global ransomware attack has struck hospitals, communication, and other types of companies and government offices around the world, seizing control of affected computers until the victims pay a ransom. ...more

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