News & Analysis as of

Cyber Crimes Cybersecurity Enforcement Actions

Sheppard Mullin Richter & Hampton LLP

SEC Continues its Cybersecurity Focus, Settles with Company over Lax Security Measures

The SEC recently issued an order and settlement against a company from a pair of cyberattacks in which millions of dollars of client funds were stolen. While the company was able to recover a portion of the funds and...more

Holland & Knight LLP

DOJ Brings Suit Against University Under Its Civil Cyber-Fraud Initiative

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Late last week, the U.S. Department of Justice (DOJ) filed its complaint-in-intervention in a qui tam lawsuit against the Georgia Institute of Technology (Georgia Tech), alleging that the university failed to meet certain...more

Foley Hoag LLP - Security, Privacy and the...

AT&T/Snowflake Breach Hits Most of US - Vendor Exposure Strikes Again

AT&T Inc. announced in a July 12, 2024, SEC filing that hackers stole a cache of six months’ worth of mobile phone customer data, illegally downloading the records from a workspace account at the cloud-service provider...more

Eversheds Sutherland (US) LLP

A Measured Approach - US Cybersecurity and Data Privacy Review and Update: Looking back on our 2023 articles and planning ahead...

Technological advances, especially in Artificial Intelligence and quantum computing, will continue to amaze in the coming years. They will open up vast new opportunities while presenting profound regulatory, litigation, and...more

Foley Hoag LLP - Security, Privacy and the...

The Federal Communications Commission Updates Its Data Breach Rules

On December 21, 2023, the Federal Communications Commission released an order updating its data breach rules. These updated rules require telecommunications providers to report breaches of customer proprietary network...more

Butler Snow LLP

Cybersecurity: What Businesses Need to Know

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Cybersecurity is a top concern for all industries, particularly for the pharmaceutical and medical device industries. These industries hold some of the most sensitive data and highly valuable technology, making them prime...more

Foley Hoag LLP - Security, Privacy and the...

CISA and Partners Update the #StopRansomware Guide, Developed through the Joint Ransomware Task Force

On May 23, 2023, CISA, the Federal Bureau of Investigation (FBI), the National Security Agency (NSA), and the Multi-State Information Sharing and Analysis Center (MS-ISAC) published an updated version of the #StopRansomware...more

Proskauer - The Capital Commitment

The Trend Continues: Increased Regulatory Focus on Privacy & Cybersecurity for Private Funds

Recent enforcement actions highlight the increased regulatory scrutiny that private funds may face with respect to internal cybersecurity protocols and responses to cyber-crimes and cyber incidents under new and updated...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

Dechert LLP

Dechert Cyber Bits - Issue 27

Dechert LLP on

FBI Seizes Hive Ransomware Servers—Blocks US$130 Million in Demanded Ransoms - On January 26, Attorney General Merrick Garland announced that the Department of Justice dismantled the “Hive” ransomware group, which had...more

Bracewell LLP

More Wiggle Room for White Hat Hackers?

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On May 19, 2022, the Department of Justice (“DOJ”) announced significant clarifications to its policy on charging Computer Fraud and Abuse Act (“CFAA”) violations that give some comfort to cyber security consultants who...more

Baker Donelson

Cybersecurity: A Whistleblower's Paradise

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Cyber whistleblowing is the newest and hottest area of exposure for organizations. All government contractors and grant recipients must develop an understanding of the use of the False Claims Act (FCA) to address...more

McDermott Will & Emery

[Webinar] Cyber Whistleblowing - New Risks and Exposures - April 21st, 12:00 pm - 1:00 pm EDT

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When US President Joe Biden signed the Infrastructure Investment and Jobs Act (IIJA) into law on November 15, 2021, $2 billion was allocated to strengthen the nation’s cyber defenses. With this heightened focus on cyber risk...more

Polsinelli

When the Feds Find Out! Lack of Data Security Leads to Novel and Hefty Settlements

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The Federal Government continues ramping up enforcement of data security requirements by deploying significant new enforcement theories and tools in support of cyber and data security controls required by federal law....more

Proskauer Rose LLP

Trends in Privacy and Data Security: 2021

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An Article addressing key privacy and data security developments in 2021 and likely trends for 2022, including federal and state regulation and enforcement. This Article also discusses private litigation related to data...more

Holland & Knight LLP

2021: Year In Review - SEC Signals More Aggressive Posture in Cybersecurity Space

Holland & Knight LLP on

We continue our year-end review of SEC enforcement activity and turn our attention to a topic grabbing seemingly daily headlines across multiple industries: cybersecurity. As the risks – and realities – of cyberattacks...more

Alston & Bird

Russia Arrests Suspected Members of REvil Ransomware Gang

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Russia’s Federal Security Service (“FSB”) issued a press release on January 14, 2022 claiming that it dismantled the REvil ransomware gang by arresting 14 suspected members and seizing computer equipment, luxury vehicles,...more

The Volkov Law Group

DOJ Battles Ransomware Attacks

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The Justice Department continues to attack and dismantle global ransomware extortion organizations.  Business surveys often confirm that executives are hyper-focused on the risk of ransomware attacks against businesses....more

Jackson Lewis P.C.

DOJ Announces Cybersecurity Enforcement Initiative Targeting Federal Contractors

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Last week, the Department of Justice (“DOJ”) announced the launch of its Civil Cyber-Fraud Initiative (“the Initiative”) aimed at combating “new and emerging cyber threats to the security of sensitive information and critical...more

Farrell Fritz, P.C.

A Cybersecurity Wake Up Call: SEC Sanctions Eight Firms For Cybersecurity Deficiencies

Farrell Fritz, P.C. on

The U.S. Securities and Exchange Commission (“SEC”) recently identified cyberthreats as an enforcement priority (see 2021 Examination Priorities). Within months of the Commission’s announcement, the Commission brought three...more

Adams and Reese LLP

The Department of Treasury Issues Guidance Regarding Sanctions Risks Inherent to Facilitating Ransomware Payments

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On September 21, 2021, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued an updated advisory outlining the risks involved with facilitating ransom payments to malicious actors conducting...more

Robinson & Cole LLP

Data Privacy + Cybersecurity Insider - June 2021 #2

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CYBERSECURITY - Another Win for Justice Department: Slilpp Marketplace Takedown - People always ask me if law enforcement is having any luck in combatting cyber criminals. Let me be clear: it is a very tough job to take...more

Robinson+Cole Data Privacy + Security Insider

Another Win for Justice Department: Slilpp Marketplace Takedown

People always ask me if law enforcement is having any luck in combatting cyber criminals. Let me be clear: it is a very tough job to take down cyber criminals located in other countries or sponsored by foreign nations. Our...more

McGuireWoods LLP

DOJ Indictment Highlights Methods Utilized by State Sponsored Cybercriminal Organization to Attack Major Industry and Government...

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For the third time in less than a month, the United States Department of Justice (DOJ) announced a major enforcement action against an international cybercriminal organization that infiltrated public and private computer...more

Eversheds Sutherland (US) LLP

US Cybersecurity and Data Privacy review and update: Looking back on our 2020 articles and planning ahead for 2021

It was a tumultuous year for privacy and cybersecurity, and further uncertainty is all but guaranteed. The key to navigating this volatility, as 2020 proved, is to develop and maintain a proactive, agile and holistic data...more

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