Hackers Cybersecurity

News & Analysis as of

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

Cyber-Security and the Rise of the Vigilante Hacker - Can illegally obtained data be used in a civil proceeding?

In the world of cyber hacks and leaks, there are two general categories of players: the fraudsters who steal data in order to obtain a profit, and the “hacktivists” who expose data, purportedly for the greater good....more

New Study confirms that 9 out of 10 businesses have experienced a hacking incident in the last year

Hartford Steam Boiler released a study on May 17, 2016, that states that nine out of ten businesses have experienced at least one hacking incident in the past year, which represents a 21 percent increase since 2014....more

An Addendum to the Scariest Hack So Far

Andy Johnson-Laird, President of Johnson-Laird, Inc., was kind enough to offer advice on three security techniques he recommends to detect and deny hackers, such as those we discussed in last week’s blog post....more

Cyber Security

Roughly one million pieces of malware—computer viruses or malicious software—are released every day. In recent years, we’ve witnessed an unprecedented level of activity in the cyber arena, both in the form of increased...more

House Caucus Formed To Protect The Security Of Cars

On April 28, 2016, four members of the U.S. House of Representatives launched a bipartisan caucus dedicated to addressing security and safety concerns raised by new innovation in connected and autonomous vehicles (or...more

The Scariest Hack So Far

Hackers have upped the ante. Data controllers wax fondly about the good old days when data was outright stolen. Back then, in 2013, there was a sense of fair play. Trolls did troll things. Assuming the victim implemented and...more

Stick Up Your Hands! The Increasingly Common Form of Ransom, and the Insurance That Will Help You Recoup Some of Your Funds

It was recently revealed that the Hollywood Presbyterian Medical Center paid $17,000 in bitcoins as ransom to hackers who infiltrated and disabled its computer network. This is not the first time hackers have held up a...more

Cybersecurity: You can't afford to ignore it anymore

In late March, newspapers confirmed that a Russian hacker named "Oleras" targeted 48 law firms (most of which are Am Law 100 firms). Oleras planned to hack these firms to secure confidential and highly valuable insider...more

Financial Institutions Spend More on Cybersecurity

Financial institutions have been at the forefront of protecting their customers’ personal information, including names, addresses, phone numbers, account numbers, Social Security numbers, income, and credit histories. The...more

Chubb advisory warns construction industry of increased risk of cyber threats

In its advisory entitled “New Business Models, Technology Raise Professional Liability Risks for Contractors,” Chubb has outlined the risks of cyber threats associated with new technologies being used by the construction...more

Employers Face Exposure for Cyberbreaches

A newly filed lawsuit in California and a recent decision from the U.S. Court of Appeals for the Seventh Circuit serve as reminders to employers that the protection of sensitive employee information from cyberthreats remains...more

When “Shhh” turns to “Oh $%*#!” – No Pseudonyms for Ashley Madison Plaintiffs

Nothing good has come from the Ashley Madison hacking incident, except hopefully some well-deserved apologies to loved ones. Now the E.D. Mo. Court hearing the In Re Ashley Madison Customer Security Breach Litigation, MDL No....more

Business Litigation Alert: "Law Firms Victim to Data Breaches"

Recently, reports surfaced that multiple law firms have fallen victim to data breaches, prompting class action litigation against the firms for exposing their clients' information. Law firms house a great deal of highly...more

The Digital Download - Alston & Bird’s Privacy & Data Security Newsletter – May 2016

Special Focus on “Safe Harbor 2.0,” Privacy Shield and E.U. Data Transfers: Alston & Bird’s privacy team has been closely following the development of Privacy Shield, the proposed successor to the E.U.-U.S. Safe Harbor...more

Your daily dose of financial news The Brief – 5.2.16

Nearly a year-and-a-half after announcing their plans to join forces, Halliburton and Baker Hughes have reportedly called off their $35 billion merger. Serious DOJ reservations about the deal and a wildly changed energy...more

Insurance News, Spring 2016

Hackers interfere with a GPS signal, causing a vessel’s onboard navigation systems to falsely interpret position and heading. Somali pirates employ hackers to infiltrate a shipping company’s network to identify vessels in the...more

New report warns health care industry to expect more ransomware attacks

A new report of a survey of around 30 mid-sized hospitals by the Health Information Trust Alliance (HITRUST) concludes that health care entities should be prepared for an increase in ransomware attacks in the near future....more

The President Agrees: Cybersecurity Must Include Your Car

For those of us who watch the automotive industry, the most interesting name on the list of appointees to President Barack Obama’s Commission on Enhancing National Cybersecurity was Joe Sullivan. Why Mr. Sullivan? Because he...more

Revenge of the Dorks: Their Time Has Come and They Might be Malicious

A nerd. A dork. A geek. You’ve seen them. You know them. Maybe you are one of them. And you definitely know the type. In fact, it was way back in the 1980s when a group of bullied collegiate outcasts rose up to defeat an...more

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