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Cyberattacks against municipal entities and 501(c)(3) organizations are becoming increasingly sophisticated and severe. The potential impact of these cyberattacks on entities is significant in both the time required to...more
Governmental entities have increasingly experienced cybersecurity incidents impacting their operations and finances over the last few years, with some breaches costing upwards of $40 million. Many issuers and borrowers of...more
On November 15, 2021, President Joe Biden signed into law the Infrastructure Investment and Jobs Act (IIJA), unleashing over $1 trillion of federal money to strengthen the nation’s infrastructure and fund other key programs...more
The topics of Cybersecurity and Climate Change disclosure are generating increased investor and rating agency interest in municipal bond issuances. The Securities and Exchange Commission (SEC) has expressed concerns about the...more
On June 5, 2020, Florence, Alabama’s information technology systems were hit with ransomware by the DoppelPaymer group demanding a ransom payment of $378,000 in bitcoin....more
City of Durham, NC Hit With Ryuk Ransomware - Another city—Durham, North Carolina—has become the victim of a ransomware attack stemming from a Russian hacker group following a successful phishing scheme. After falling...more
Another city—Durham, North Carolina—has become the victim of a ransomware attack stemming from a Russian hacker group following a successful phishing scheme....more
There’s nothing worse than paying criminals. And paying a ransom for data is just that—paying criminals for a criminal act. All you get out of the payment is access to your data....more
Ransomware attacks on municipalities were on the rise in 2019, with two-thirds of known ransomware attacks in the United States targeting governments, and the trend is expected to continue for 2020. It is important for...more
Disruptionware is defined by the Institute for Critical Infrastructure Technology (ICIT) as a new and “emerging category of malware designed to suspend operations within a victim organization through the compromise of the...more
Following the escalation of tensions between the United States and Iran in the past week, the Health Information Sharing and Analysis Center (H-ISAC) is warning hospitals and health systems that Iran could attack health...more
The Department of Homeland Security (DHS) is warning critical infrastructure operators to be on high alert for Iranian backed cyber-attacks because of the vulnerability of state and municipal computer systems, they are at...more
Louisiana Governor John Bel Edwards activated the State’s cybersecurity team recently after several State offices’ computers started acting strangely. The IT team identified an intrusion of Ryuk ransomware and which programs...more
Just hours after the shooting incident at the Pensacola Air Station last week, city officials in Pensacola discovered that the city was the victim of a ransomware attack....more
Approximately 3,000 customers of the Fort Worth Water Department were notified recently that their credit card information may have been compromised as a result of a data breach suffered by its vendor, Click2Gov....more
The Wolcott school system in Wolcott, Connecticut has been recovering for four months from a ransomware attack that hit its system at the end of the school year. Last week, it was hit with a second attack. According to...more
The Wolcott school system in Wolcott, Connecticut has been recovering for four months from a ransomware attack that hit its system at the end of the school year when it was hit with a second attack last week. ...more
The pace and number of cyber-attacks against municipalities and school systems is staggering and likes of which we have never seen. Municipalities and school systems are obvious targets for cyber criminals as it is well known...more
From big cities and small cities to school districts and beach towns, more than 40 municipalities have been the victim of a cyberattack this year. The New York Times described the season that ended on Monday as a “summer of...more
We have definitely seen an uptick in the number of ransomware attacks against municipalities around the country. Thus far, the attacks have been against single cities, towns, and court systems, and recently against a...more
We’ve written a few times recently about municipalities, companies, and government agencies hit with ransomware attacks this year. In early July, it was reported that a court system in Georgia was attacked with ransomware,...more
Security researchers have warned municipalities repeatedly about how they are being targeted with ransomware, that they are at high risk, and the need to make data security a high priority. Please see full Publication blow...more
Security researchers have warned municipalities repeatedly about how they are being targeted with ransomware, that they are at high risk, and the need to make data security a high priority....more
The headlines of hacking incidents against counties, cities and towns are racking up like the retail space was several years ago....more