Cybersecurity › Cyber Attacks

Cybersecurity is a term used to describe methods and systems for protecting sensitive information in the electronic sphere. As more financial, business, and personal information becomes exclusively maintained and stored electronically, the risks of attacks, leaks, and disclosures become more pronouced. The concept of Cybersecurity encompasses a broad array of issues, including governmental regulations to ward off cyber terrorists, industry data collection and maintenance practices, and consumer advocacy to ensure the privacy of individuals' personal and medical information.

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News & Analysis as of May 25, 2013

$45 Million Cyber-Attack Is Object Lesson From Verizon Study Showing No Business Is Safe, But Financial Institutions Bear Big Data...

by Jeffrey Vagle | Pepper Hamilton LLP on 5/21/2013

Newspapers around the world recently reported that a sophisticated and well-coordinated cyber-attack resulted in the theft of $45 million from thousands of ATMs worldwide....more

Insurance Coverage for Cyber Attacks

by Roberta Anderson | K&L Gates LLP on 5/8/2013

There’s no denying that the present-day Internet, while extraordinary, is increasingly scary. Cyber attacks of various types continue to escalate across the globe. As stated by one recent commentator: “Cybercrime is raging...more

The Real Lesson of Chinese Cyberhacking

by Michael Spillner | Orrick - Trade Secrets Group on 5/1/2013

There’s been a lot of news lately about the Chinese military allegedly launching cyber attacks to steal U.S. trade secrets. This has gotten people riled up, including the President of the United States, who issued a 5-point...more

Banking & Financial Services E-Note - April 25, 2013

by John Chiles, Benjamin Coulter, Bryan Glover, John Michael Kearns, Mignon Lunsford, Zachary Miller, Jordan Teague | Burr & Forman on 4/26/2013

In This Issue: - Regulators Could Step in with Tougher Rules as Bank Profits Rise - Bill Would Force Study of Basel III Impact on Bank Capital Costs - Regulator Wants Enforcement Powers Against Bank...more

Cyberattacks a mounting challenge for employers

by Paul Cowie, Dorna Moini | Sheppard Mullin Richter & Hampton LLP on 4/10/2013

In a recent panel discussion, one of the speakers was a so-called "ethical hacker" - a hacker-turned-protector of employers' confidential information. As someone at the forefront of cyberattacks, the ethical hacker's opinion...more

Cybersecurity Disclosure: A Panel Discussion with the SEC’s Division of Corporation Finance

by Mintz Levin - Privacy & Security on 4/9/2013

Last week in Washington, D.C., this author had the opportunity to sit in on a panel discussion by the SEC’s Division of Corporation Finance (“CorpFin”) discussing, among other things, recent developments in cybersecurity...more

Cybersecurity Lobbying Booming: How Law Firms Can Profit [Video]

by Bloomberg Law on 4/5/2013

April 5 (Bloomberg Law) -- In recent months, a wave of lawyers and consultants have taken to lobbying various members of the federal government on cybersecurity issues. David Ransom, partner at McDermott Will & Emery, talks...more

Corporate & Tax E-Note - March 28, 2013

by Edward Brown, Benjamin Coulter, Kevin Doherty, C. Logan Hinkle, Mignon Lunsford, Debra Lee Mackey | Burr & Forman on 4/3/2013

In This Issue: - SEC Yet to Release Jumpstart Our Business Startups Act Guidelines - IRS Crackdown on Contract Workers Has Small Businesses Concerned - Accelerated Filers Found to be Filing More Restatements -...more

The Latest In Cybercrime: Ransomware

by Law Offices of Gregory S. Robey on 4/3/2013

As technology advances, so do efforts to exploit technology for both legal and illegal endeavors. As criminal defense attorneys in Cleveland, our law firm defends those accused of Internet crimes with ties to Ohio....more

How to Protect Your Company From Hackers [Video]

by Bloomberg Law on 3/8/2013

March 8 (Bloomberg Law) -- With reports of corporate espionage and hacking on the rise, the US government and private companies need to take steps to prevent the loss of trade secrets and threats to national security says...more

Obama Administration Reports on Efforts to Prevent Trade Secret Misappropriation

by Kevin E. Noonan | McDonnell Boehnen Hulbert & Berghoff LLP on 2/26/2013

The Obama Administration issued a Report earlier this month, entitled "Administration Strategy on Mitigating the Theft of U.S. Trade Secrets," that sets forth its efforts to prevent trade secret misappropriation. The Report...more

The Storm Has Arrived: Cybersecurity, Risks And Response

by Michael Volkov on 2/25/2013

Every day the headlines report another Fortune 500 company suffering a hacking incident. For companies, the hack itself creates substantial risks of economic devastation caused by the theft of valuable trade secrets. Add to...more

APT Threat Report Shows Cybersecurity Risks Not Limited to Identity Theft

by Craig Hoffman | BakerHostetler on 2/22/2013

We often talk to companies who believe they are an unlikely target for hackers because they do not have financial account information, Social Security numbers, or medical information. However, personal information is not the...more

Maryland Cybersecurity-Related Legislative Developments

by Michael Baader, Dismas Locaria, Anthony Rosso, Ryan Sweigard | Venable LLP on 2/21/2013

The Maryland State Senate is considering several cybersecurity-related bills to advance the state’s efforts to be the epicenter for cybersecurity. Maryland has already enacted several measures to foster cybersecurity...more

Utilities Sector To Be a Focus of Executive Order Directing Development of Critical Infrastructure Cybersecurity Framework

by Joshua Belcher, Michael Klein, Ahren Tryon | Cozen O'Connor on 2/20/2013

Little more than a week after reports of cyber attacks targeted at the Department of Energy, The New York Times and The Wall Street Journal, President Obama declared in his State of the Union address that these forms of...more