News & Analysis as of

Federal Bureau of Investigation Bitcoin

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

WannaCry Ransomware Update 16 May 2017

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

WannaCry Ransomware Attack: What Happened and How to Address

by Seyfarth Shaw LLP on

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

A Closer Look: Practical Tips to Managing a Ransomware Attack Part 2

by McGuireWoods LLP on

Part 1 of this two part series laid out the state of the industry regarding ransomware. In Part 2, this post will examine what steps to take, or not to take, during and after a ransomware attack. “We’ve Been Hit – Now...more

New FBI Ransomware Alert: Bureau Provides Key Guidance for Prevention and Business Continuity Planning

by Arnall Golden Gregory LLP on

The Cyber Division of the Federal Bureau of Investigation (FBI) recently issued a new ransomware notice. The notice encourages organizations, regardless of industry and size, to focus on two areas in their efforts to minimize...more

Weekly Web Wrap-Up

Welcome to Sheppard Mullin’s Weekly Web Wrap-Up: Top news in the social media, gaming, and virtual goods and currencies industries curated by the Social Media & Games Team. Here are some of the stories that we’ve been...more

Don’t Get Locked Out: Is Ransomware a Threat to Your Business?

by Carlton Fields on

Ransomware is a type of malware that locks access to a computer and its drives. Many forms of ransomware take complete control of the computer system, encrypt all of the files, and deny access to the system and any files...more

Bitcoin Week in Review 07.20.15 – 07.24.15

by Perkins Coie on

Domestic Developments - Florida. Anthony Murgio and Yuri Lebedev, operators of bitcoin exchange service Coin.mx were arrested on July 21, 2015 for operating the exchange without a money transmission license. The U.S....more

FBI warns of continued use of Cryptowall ransomware schemes

The FBI’s Internet Crime Complaint Center recently issued an alert “Criminals Continue to Defraud and Extort Funds from Victims Using Cryptowall Ransomware Schemes” that indicates that the Center continues to receive...more

Judge Rakoff Rules that Bitcoin Is Money in New York Federal Court

On August 19, Judge Jed S. Rakoff of the US District Court for the Southern District of New York issued a ruling in the case of Robert Faiella, holding that bitcoins are “money,” citing the plain meaning of the term in The...more

US Marshals Service Announces Auction of Silk Road Bitcoins

The US Marshals Service (USMS) announced that it will hold an online auction on June 27 to sell bitcoins contained in wallet files seized from the servers of Silk Road, the “deep web” black market shut down by the Federal...more

Government Brings Important Case Against Illegal Marketplace “Silk Road;” Government Acknowledges Lawful Uses Of Bitcoin

by Perkins Coie on

The virtual currency industry is in the news once again following the October 1, 2013, Federal Bureau of Investigation’s shutdown of the “Silk Road” website. As part of the shutdown of the well-known underworld bazaar, the...more

Bitcoins: Online Currency’s Uncharted Frontier

by Ifrah PLLC on

Bitcoin – it sounds like a token you might use to play skeeball at a beachside arcade. It is actually a relatively new, virtual online “currency” being used for payments across the Internet. While some observers have noted...more

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Cybersecurity

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