Cybersecurity Hackers

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... more +
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.     less -
News & Analysis as of

Russian Intelligence Breaches Democratic National Committee Servers

Last week saw the announcement of yet another high-profile network breach. On June 14, 2016, the press reported that hackers had penetrated the Democratic National Committee’s (“DNC”) network for nearly a year. Most notably,...more

Does Your Company Have Coverage for PCI Fines & Penalties in its Cyber Policy?

Payment Card Industry fines and penalties are fines charged by payment card brands like Mastercard and Visa to merchants’ acquiring banks for violation of their industry rules and regulations, which often occurs when there is...more

Data Breaches Response Costs Continue to Rise

SEC Chair Mary Jo White recently opined that cyber security is the biggest risk facing the United States financial system. Companies should take heed of that warning in light of the release of the 2016 Cost of Data Breach...more

Raytheon/Ponemon survey confirms companies wait until an event to hire a data security vendor

The results of a Raytheon commissioned Ponemon study released on June 7, 2016 shows that at least two-thirds of businesses wait until they have experienced a cyber-attack or data breach to hire and retain security vendors to...more

Cybersecurity and Data Privacy: FBI Issues Public Service Announcement About Recent E-Mail Scam Targeting Businesses (6/16)

On June 14, 2016, the Federal Bureau of Investigation (FBI) issued a public service announcement relating to a recent surge in ‘business e-mail compromise’ (BEC) scams, which are sophisticated scams that target businesses...more

Another popular car broken into by security researchers

We have kept abreast of the security vulnerabilities of cars that have been exposed by security researchers. This time, researchers are asking Mitsubishi to recall approximately 100,000 Outlander hybrid vehicles as they were...more

Illinois Joins the Fray: Strengthens its Laws Around Data Breach Notification and Data Security

Sophisticated phishing scams and muscular hacking efforts continue to compromise personal and sensitive information held by insurers, hospital systems, and businesses large and small. In response, many states have...more

Practice Spotlight: Best Practices for Responding to the Threat of Ransomware

Ransomware, a specialized form of malware used for extortion attempts, has been around the internet for more than a decade but now, because of a rash of recent attacks, has moved to the forefront as the most problematic cyber...more

US-CERT Warns of Old SAP Software Vulnerability

The U.S. Department of Homeland Security Computer Emergency Readiness Team (US-CERT) recently issued an alert to the public about a vulnerability in old software developed by SAP SE that cyberattackers are using to infiltrate...more

State Sponsored Attacks Increasing and Targeting Industrial Facilities

A representative of Honeywell Process Solutions (Honeywell), which provides cybersecurity services for over 400 industrial sites worldwide, recently commented publicly that Honeywell is seeing an increase in nation-state and...more

Maritime cyber threats are real and need to be addressed

A study published by Plymouth University’s Maritime Cyber Threats Research Group indicates that maritime vessels are at risk for cyber-attacks as many have outdated software and are not designed with cybersecurity in mind....more

Cybersecurity News and Notes – June 2016

In Case You Missed It: US and EU officials signed on to the so-called “Privacy Umbrella” deal last week. The agreement is designed to protect the personal data of EU citizens when it is transferred to the US for law...more

U.S. House Committee On Homeland Security Holds Hearing On States’ Preparation For Cyber Threats

On Tuesday, May 24, 2016, the U.S. House Committee on Homeland Security (the “Committee”) held a hearing titled “Enhancing Preparedness and Response Capabilities to Address Cyber Threats.” The hearing was convened jointly by...more

Federal District Court Finds No Cyber Insurance Coverage For Costly Credit Card Fraud Assessments

In one of the first court decisions to analyze in depth the coverage provided by a cyber policy, a federal judge has found that PF Chang’s policy came up short. Following a 2014 data breach in which hackers accessed and...more

Burr Alert: Two Federal Courts of Appeal Find Insurance Coverage for Data Breaches

Cases with intersecting issues of data breach and insurance coverage continue to slowly wind their way through the court system. After a number of past losses dealt to insureds who sought insurance coverage under their...more

Kansas Heart Hospital pays ransom but attackers renege on their word

In a rare and twisted result, Kansas Heart Hospital was hit with a ransomware attack on May 18th, and made the decision to pay a “small amount” to the attackers in order to get its data back. Kansas Heart stated that no...more

First Choice Federal Credit Union vs. Wendy’s : Will Plaintiff’s EMV Arguments Get A Frosty Reception?

Wendy’s suffered a data breach in the fall of 2015 that it recently reported affected one particular point of sale system at fewer than 300 restaurants. Wendy’s has already been sued as a result of the incident, including a...more

Unforeseen Consequences of Hacking: When Someone Wants To Use Your Cybercrime Misfortune Against You In A Litigation

Companies that are hacked face a range of repercussions, such as notifying clients and customers that the privacy of their information has been compromised and implementing a new security system. In July 2015, it was highly...more

Privacy Tip #36 – Connected car security

A recent Government Accountability Office report outlined vehicle cybersecurity concerns, outlining that hackers can penetrate the technology of vehicles in both long range and short range attacks, including targeting...more

8th Circuit Upholds Data Breach Coverage for Bank Loss Following Hacker’s Fraudulent Transfer

Last week, the Eighth Circuit upheld a lower court’s ruling in State Bank of Bellingham v. BancInsure Inc., finding that a bank employee’s negligence in securing its computer network did not preclude coverage for a data...more

SSO – Single Sign On

Due to recent high profile data breaches users have a heightened awareness of security and how they manage or don’t manage their various account credentials. People are beginning to pay more attention to the advice given to...more

Senate hearing reviews ransomware in a school system

On May 18, the Senate Judiciary Committee Subcommittee on Crime and Terrorism heard from Charles C. Hucks, the Executive Director of Technology for the Horry County, South Carolina, School System. The 52 schools and the...more

Most Frequently Hacked Industries Now Includes Manufacturing

Second only to health care, the manufacturing industry is now one of the most frequently hacked industries (according to IBM’s 2016 Cyber Security Intelligence Index). And more importantly, automotive manufacturing was the...more

TeslaCrypt Ransomware Developers Retire, Release Master Decryption Key

Ransomware is a particularly nefarious type of malware that hijacks computers and forces victims to pay a ransom in order to access their files. One of the reasons it is so successful is because ransomware developers use...more

Are You Secure?

U.S. Securities and Exchange Commission (“SEC”) Chair Mary Jo White confirmed Tuesday that cyber security is the biggest risk currently facing the financial system. Her strong warning of the threat posed by hackers follows...more

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