Malware

News & Analysis as of

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

Think you’re covered? Think again

Commercial General Liability policies (CGL) typically do not include data protection loss coverage, although some insurers offer additional data protection endorsements. Normally those additional endorsements only cover data...more

Dual Decisions Provide Narrow Path for Plaintiffs to Establish Standing in Data Breach and Cybersecurity Suits

Last week, decisions by the United States Supreme Court and the Northern District of Georgia provided further guidance regarding the narrow path required for a class action plaintiff to successfully establish Article III...more

Rocky Mountain Securities Conference: Cybersecurity Takes Center Stage

Given the security industry’s increased use of information technology and the constant evolution of cyber threats, cybersecurity will continue to demand significant attention from regulators and industry participants in the...more

SEC Chair Warns: Cyber Biggest Threat to Global Financial System

The chair of the U.S. Securities and Exchange Commission warned that cybersecurity is the biggest risk facing our financial system today. At an industry conference yesterday, SEC Chair Mary Jo White said that major...more

Wendy’s confirms data breach of point of sale system

Wendy’s confirmed yesterday in its first quarter financial statement that its investigation into a credit card breach did uncover malicious software on its point of sale systems on fewer than 300 of its stores nationwide. It...more

A Closer Look At The Fallout From The Home Depot Data Breach

More than a year and a half ago, Home Depot announced that it had been a victim of one of the largest data breaches in U.S. history. Media outlets reported that the breach had affected Home Depot’s customers who had made...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

American Dental Association inadvertently mails USB drives infected with malware to its members

The American Dental Association (ADA) recently mailed 37,000 credit card sized flash drives to its members that included new billing codes, entitled 2016 CDT Manual. Unfortunately, also included on the USB drive was malware...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

Stolen user credentials account for over half of all data breaches in 2015

Verizon recently released its yearly Data Breach Investigations Report and as always, the report is a very informative read. The report gathered information from more than 64,000 security incidents worldwide in 2015, 2,260 of...more

Hackers responsible for ruthless SpyEye Trojan sentenced to 24 1/2 years

The Department of Justice has announced that two hackers who built and sold the Trojan called SpyEye, that caused close to $1 billion in banking losses, have been sentenced for a combined 24 1/2 years in federal court in...more

Ransomware gets even more nightmarish with Jigsaw

We have been alerting all of our readers to the nightmares of ransomware, and that the healthcare industry is a prime target. Just when you thought it couldn’t get any worse, a new strain of ransomware, known as Jigsaw,...more

FireEye report shows PoS attacks have compromised more than 20 million cards

FireEye recently issued a report that indicates that bank card data of over 20 million individuals has been compromised since 2014. According to the report, point of sale attacks that have affected the retail and hospitality...more

3 Simple Tools to Help Optimize Your Law Firm’s Website in 2016

Creating a great website that speaks to your audience, is easy to use, and encourages interaction with your brand is no small feat. However, many companies and law firms may not realize that it’s only half the battle due to...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

DHS Warns of New Ransomware Threats

The Department of Homeland Security (“DHS”) recently issued a joint alert with the Canadian Cyber Incident Response Centre warning of two new ransomware threats behind recent well-publicized attacks against healthcare...more

Cyber Attacks Continue to Grow and Evolve

Cyber criminals continue to prey on websites with unpatched vulnerabilities and ill-protected point of sale (POS) systems to steal credentials such as personal data, credit card numbers and bank account details. Common...more

How Many Times Do We Have to Tell You Not to Open the Cat Video

Everyone has been in a movie theater when one of the actors approaches that door to the basement behind which strange noises are coming. They reach out to turn the knob and in unison the audience is thinking “Fool, haven’t...more

Ransomware Targets Healthcare Industry

Just four months into 2016, the healthcare industry is already facing a permanent and increasing threat to hospital operations: ransomware. Previously, BakerHostetler reported that Hollywood Presbyterian Hospital paid 40...more

Privacy Tip #29 – U.S. + Canada issue joint ransomware special alert—read and follow recommendations

We have frequently alerted individuals and companies about the increasing risk and success posed by sophisticated phishing schemes. It has become such a real and grave problem that the U.S. Computer Emergency Readiness...more

Trump Hotels investigating second credit card breach

KrebsOnSecurity has reported that sources from the banking industry have advised of a pattern of fraud on credit cards used at Trump Hotel Collection (Trump) properties. Trump has confirmed that it is investigating the...more

Lessons from the Bangladesh Central Bank Heist

By now, you’ve probably heard about the massive cyber attack that hit Bangladesh’s central bank last month, resulting in the loss of $81 million through fraudulent transfers to accounts in the Philippines. Although the size...more

Trustwave Case Highlights Cyber-Risk to Professional Service Providers

In a case that we believe reflects a real future trend in the cyber-risk industry, Las Vegas casino operator Affinity Gaming (“Affinity”) is suing Chicago-based IT security firm Trustwave Holdings, Inc. (“Trustwave”) for...more

MedStar Health newest healthcare victim of cyber-attack

MedStar Health has announced that it has shut down its electronic medical record system after confirming that it has been struck with malware....more

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