News & Analysis as of September 22, 2024

Cybersecurity › Encryption

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Follow this channel for advisories on one of the biggest threats to businesses today. Read a morning brief of fresh guidance and commentary by leading lawyers on security, privacy, risk... more +

Follow this channel for advisories on one of the biggest threats to businesses today. Read a morning brief of fresh guidance and commentary by leading lawyers on security, privacy, risk management, global regulations, data protection, leaks, hacking, cyber insurance, compliance, HIPAA, and every other aspect of cybersecurity of import to corporate readers right now. less -

Federal Grant Provides $7 Million to Fund Cybersecurity Efforts by Local Governments

Bricker Graydon LLP on 7/30/2024

Did your computer suffer from a blue screen of death due to the global IT outage caused by an update from CrowdStrike, a popular cybersecurity provider to many enterprises around the country? Cybersecurity concerns top the...more

FBI obtains 7,000 LockBit decryption keys providing some victims relief

Hogan Lovells on 6/26/2024

Victims of LockBit ransomware attacks can reach out to the FBI for decryption keys and all companies can prepare against ransomware attacks. The FBI secured 7,000 LockBit decryption keys, providing victims of LockBit...more

From Encryption to Employment, U.S. Federal Agencies Brace for the Effects of Quantum Computing, AI and More

Pillsbury - Internet & Social Media Law Blog on 6/3/2024

In this week’s edition of Consumer Protection Dispatch, we look at the latest regulatory developments from the U.S. Department of Commerce, Consumer Financial Protection Bureau, and the Securities and Exchange Commission...more

Caution! Credential Stuffing on the Rise

Mitratech Holdings, Inc on 4/12/2024

If you have a tendency to reuse the same password across multiple accounts, you could be leaving yourself (and your organization) exposed to risk. Credential stuffing, the stealthy technique fueling a recent explosion of...more

[Event] 14th Advanced Forum on Global Encryption, Cloud & Export Controls - May 15th - 16th, San Francisco, CA

American Conference Institute (ACI) on 3/6/2024

Hosted by American Conference Institute, the 14th Advanced Forum on Global Encryption, Cloud & Cyber Export Controls returns for another exciting year with curated programming that brings together a global gathering of...more

FTC Enters Consent Agreement With Blackbaud Following Major Data Breach

WilmerHale on 2/23/2024

On February 1, the Federal Trade Commission (FTC or “the Commission”) announced that it had reached a settlement with Blackbaud, a software company, resolving claims related to a 2020 data breach that resulted in the...more

Ransomware Costs Businesses Record-High $1 Billion in 2023: Your 5-Step Plan to Prevent Attacks in 2024

Fisher Phillips on 2/22/2024

2023 was the most devastating year yet for ransomware attacks, with businesses forking over $1 billion in ransom payments for the first time ever – and 2024 is expected to be even worse. Beyond the payments, the average cost...more

Is Data Security A Priority for Your Workplace Equity Provider?

Trusaic on 7/31/2023

Cyberattacks continue to rise, increasing the need for robust data security. Global weekly attacks rose by 7% during the first quarter of 2023, versus the same quarter last year. Each organization is estimated to face on...more

Complying With the FTC's Amended Safeguards Rule

Bradley Arant Boult Cummings LLP on 6/7/2023

Cybersecurity is a looming threat for most businesses. The impact of a major cyber event can resonate for weeks, months, and even years after the initial attack. To mitigate the risks to consumers, there have been several...more

When it Comes to Cybersecurity, ChatGPT Needs to Go Back to School

Ankura on 5/12/2023

With interest in Artificial intelligence (AI) soaring, we were curious to determine how well a very popular ‘generative AI’ tool, ChatGPT, could perform at identifying the leading causes of cybersecurity incidents experienced...more

[Event] 13th Advanced Forum on Global Encryption, Cloud & Cyber Export Controls - March 29th - 30th, San Francisco, CA

American Conference Institute (ACI) on 3/8/2023

Hosted by American Conference Institute, the 13th Advanced Forum on Global Encryption, Cloud & Cyber Export Controls returns for another exciting year with curated programming that will dive into the intricacies of...more

Four Data Security Safeguards the FTC Would Like Companies To Adopt in 2023

Perkins Coie on 1/12/2023

Data security will undoubtedly remain an enforcement priority for the Federal Trade Commission in 2023. A presentation on the FTC’s approach to data security by Deputy Chief Technologist Alex Gaynor at a Commission open...more

Data Privacy and Cybersecurity New Laws and Regulations Report

Paul Hastings LLP on 10/6/2022

Throughout 2022, we continue to see regulators placing an emphasis on the importance of protecting and securing information, in particular consumer personal information, at both the federal and state levels. ...more

Privacy Peril: I’ll Take a (Chrome)Pass

Bass, Berry & Sims PLC on 8/8/2022

We’ve spoken before of the need to make your website passwords some combination of complex, long, unusual, nonsensical, personally memorable, etc. For those of us who comply with those suggestions, but have an inflated...more

Getting ready for quantum computing: Managing the quantum threat

Eversheds Sutherland (US) LLP on 8/5/2022

Experts estimate that within the next decade or so, adversaries will have the capacity to use quantum computing to break the encryption on virtually all existing digital databases. This is why it is highly significant...more

North Carolina Prohibits Public Sector Entities from Paying Ransom in a Ransomware Cyberattack

Jackson Lewis P.C. on 5/25/2022

Organizations attacked with ransomware have a bevy of decisions to make, very quickly! One of those decisions is whether to pay the ransom. Earlier this year, I had the honor of contributing to a two-part series, entitled...more

Beyond Materiality: Comparing The SEC’s Proposed Data Breach Notification Rules with Evolving State Notification Laws

Vinson & Elkins LLP on 5/25/2022

On March 9, 2022, the Securities and Exchange Commission (“SEC”) announced Proposed Rules on cybersecurity risk management, strategy, governance, and incident disclosure (“Proposed Rules”) to address concerns of increasing...more

Securities Litigation: An Emerging Strategy to Hold Companies Accountable for Privacy Protections

Proskauer - Corporate Defense and Disputes on 2/24/2022

A California federal judge rejected Zoom Video Communications, Inc.’s motion to dismiss securities fraud claims against it, and its CEO and CFO, for misrepresenting Zoom’s privacy protections....more

The Many-Headed Threat of Ransomware

Pillsbury - Internet & Social Media Law Blog on 2/8/2022

It may seem that the very term “ransomware” wasted little time going from “newish-sounding threat” to expected, constant presence in the news and IT meetings alike. But, of course, it’s ultimately just a modern word for one...more

Ransomware Case Signifies Shift In Cyber Insurers' Stance

Lowenstein Sandler LLP on 11/16/2021

Ransomware attacks are on the rise. Lax security measures, which have become more acute in the work-from-home environment, continue to be exploited. Companies' systems are hacked into, their data is encrypted, and they face...more

5 Best Practices For Protecting Sensitive Information During An Investigation

Reveal on 11/5/2021

Organizations are feeling the pinch of compliance like never before as government agencies at every level are scrutinizing their business affairs more closely and issuing more regulations. To meet their compliance...more

Riding the Wave of Cyber Insurance Claim Payments: A Trend Cresting or Crashing?

Lowenstein Sandler LLP on 10/19/2021

Ransomware attacks are on the rise. Cyber criminals continue to exploit lax security measures, which have become more acute in the work-from-home environment, and hack into companies’ systems, encrypt their data, and then...more

Cybersecurity Awareness Month: Tips On Practicing Basic Cyber Hygiene

Woods Rogers on 10/1/2021

In our first article to kick off Cybersecurity Awareness Month, we will discuss some steps businesses can take to improve their cyber hygiene. Over the past few years, some of the largest and well-known companies have been...more

Staying Secure in the New Hybrid Workplace

Esquire Deposition Solutions, LLC on 9/2/2021

Most observers believe that the legal profession is rapidly moving toward so-called “hybrid workplaces,” a term office managers use to describe a mixed-work environment that spans brick-and-mortar law offices, home offices,...more

Ransomware Gone Wild – And What You Need To Do To Protect Your Company

Constangy, Brooks, Smith & Prophete, LLP on 8/5/2021

The FBI has reported a 400 percent increase in cyber-attacks in 2020 – and, according to some reports, Ransomware makes up about 85 percent of those attacks. Ransomware is one of the most potentially damaging types of...more

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