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Daily Compliance News: April 22, 2025, The Upping Your Game Edition
As the holiday shopping season kicks into high gear, it also becomes a prime opportunity for cybercriminals to target retailers, their suppliers, and their customers. As The Hacker News reports, criminal use of artificial...more
On October 16, 2024, the New York Department of Financial Services (NYDFS) issued an Industry Letter that discusses the cybersecurity risks associated with the use of artificial intelligence (AI) and outlines strategies to...more
The NetDiligence Cyber Risk Summit, which was held September 30-October 2 in Philadelphia, featured panels focused on the latest developments and challenges in cyber risk. Speakers included insurance, legal, and technology...more
Technological advancements are plentiful in the world of cybersecurity and are often seen as a double-edged sword, a sentiment that holds true in the rise of generative AI. As AI gains traction for its versatility and power,...more
The ubiquity of artificial intelligence (AI) has heightened companies’ exposure to cyberattacks of increasingly greater sophistication. Our Privacy, Cyber & Data Strategy Team explores how businesses can enhance their...more
Ransomware attacks are hitting record highs in 2024 and show no sign of slowing down as new criminal groups enter the scene and employ a variety of evolving tactics. This post identifies key highlights of ransomware activity...more
Cyberattacks powered by artificial intelligence have become more sophisticated as bad actors utilize machine learning to analyze vulnerabilities, automate exploits, and outpace traditional security measures. Through the use...more
Everyone thinks they can spot a phishing email. If true, we would not see so many security incidents, data breaches, and ransomware attacks. The statistics are overwhelming that phishing emails are a significant cause of data...more
A prominent cybersecurity training company just fell victim to an increasingly common scam when it hired a remote worker who turned out to be a North Korean cybercriminal that used AI deepfake tools to fake his identity and...more
Cybercriminals continue to outpace the best efforts of regulators, law enforcement, and cybersecurity professionals. Recent reporting from the Federal Bureau of Investigation demonstrates that cybercriminals are increasingly...more
Gone are the days where technological solutions were “nice to have” options to provide us with better access to resources and improved process efficiencies. Nowadays, technological solutions – and specifically those that...more
MIT Report Details New Cybersecurity Risks - “Cloud misconfigurations, more sophisticated ransomware, and vendor exploitation attacks are contributing to rising cyberattacks.” Why this is important: Worldwide spending...more
Almost from the very beginning of the internet era, the world has been increasingly afflicted with cyberfraud, exploiting the internet’s potential to enable fraudsters to induce unsuspecting victims to transfer money to...more
In an increasingly digitized world, law firms are prime targets for sophisticated cyber threats that can result in substantial financial losses and reputational damage. Recently, a prominent law firm, esteemed for its...more
On March 5, 2024, the Department of Justice (DOJ) issued an Advance Notice of Proposed Rulemaking (ANPRM) regarding Access to Americans’ Bulk Sensitive Personal Data and Government-Related Data by Countries of Concern. The...more
Phishing has long been a favorite tactic for threat actors (hackers) to commence a cyberattack. The rapid expansion of more adaptable and available artificial intelligence (AI) technologies, such as natural language...more
Chinese authorities have arrested alleged hackers in what appears to be the first-ever reported case of hackers using AI to develop ransomware. These alleged hackers reportedly used ChatGPT to refine the code for their...more
In 2024, businesses will continue to face an evolving landscape of cyber threats, along with an increasingly complex regulatory environment. With heightened scrutiny from regulators, consumers, and investors, the need to...more
The Most Significant Developments in Cybersecurity and Cyber-Related Liability Risks - As we reflect upon 2023, it will unfortunately be remembered as a record-breaking year for ransomware and cybercrime....more
CYBERSECURITY - Hackers Steal $4.4M Crypto Using Data Linked to LastPass Breach - According to Bleeping Computer, crypto fraud researchers at ZachXBT, and MetaMask developer Taylor Monahan have reported that on October 25,...more
In the hyper-connected era of smart manufacturing, accelerated by “Industry 4.0,” the manufacturing sector is undergoing a digital revolution. By leveraging technologies such as advanced automation, artificial intelligence,...more
In a recent speech, Nikhil Rathi, CEO of the UK Financial Conduct Authority (FCA), set out the FCA’s latest views on the role of artificial intelligence (AI) in financial services. The speech highlights many benefits but also...more
Ransomware has become a major threat to businesses across the world as cyber-attacks are becoming increasingly sophisticated, resulting in devastating financial damage for companies that fall victim. Not only are important...more
CYBERSECURITY - CISA/FBI Advisory Warns of Destructive Malware Used Against Ukraine - The Cybersecurity and Infrastructure Security Agency (CISA) and the FBI issued a joint advisory this week alerting organizations of...more
A few years ago, if you wanted to wreak havoc online, you needed some skill. You needed to understand coding and how to break into other computers. You needed to develop attack bots and probe for vulnerabilities....more