News & Analysis as of

Cyber Attacks

SEC Updates Guidance on Public Companies’ Disclosure of Cyber-Attacks

The U.S. Securities and Exchange Commission (SEC) updated guidance to public companies this week on how and when they are to disclose cybersecurity risks and breaches. The SEC suggests that public companies should disclose...more

Blog: New SEC Guidance on Cybersecurity Disclosure

by Cooley LLP on

Yesterday, the SEC announced that it had adopted—without the scheduled open meeting, which was abruptly cancelled with only a cryptic statement—long-awaited new guidance on cybersecurity disclosure. The guidance addresses...more

SEC Issues Updated Guidance on Cybersecurity Risk Disclosures and Trading on Nonpublic Cybersecurity Information

by Bass, Berry & Sims PLC on

On February 21, 2018, the U.S. Securities and Exchange Commission (SEC) issued updates to its interpretive guidance on how public companies should disclose cybersecurity breaches and risks. There are two core messages at...more

Supreme Court Denies Cert Petition in CareFirst v. Attias

by Ballard Spahr LLP on

Earlier this week, the Supreme Court of the United States denied certiorari in CareFirst v. Attias, a closely watched case that some thought provided the Court with an opportunity to clarify the standing analysis under Spokeo...more

The Obvious Partnership — Compliance and Cybersecurity

by Michael Volkov on

Cybersecurity compliance, like the compliance profession, is rapidly growing. The forces pushing cyber compliance are two-fold: the ever-increasing and changing nature of cyber threats and harms, and the logical application...more

HaoBao Malware Hitting Banks Scans for Bitcoin Activity

Lazarus, the well-known hacking group responsible for the WannaCry ransomware attack from last year, as well as the attack on the Bangladesh Central Bank and Sony, is now targeting global financial firms and Bitcoin adopters...more

When Obscurity Is Not a Defense

by BakerHostetler on

Many organizations facing a data-security incident struggle to understand how or why their organization was targeted in an attack. Most simply believe they are too small or too obscure to be targeted by malicious cyber...more

Supreme Court Declines Review of Standing in Data Breach Class Actions

by Carlton Fields on

Counsel hoping for Supreme Court guidance on standing issues dividing the circuit courts will have to wait a bit longer. On February 20, the Court denied a petition for writ of certiorari in Attias v. CareFirst to resolve a...more

Between Bridges, Featuring Topics on Cybersecurity, Cryptocurrencies and Compliance

Last week, a futures commission merchant settled an enforcement action brought by the Commodity Futures Trading Commission, claiming that it failed to supervise a third-party technology provider it engaged to implement...more

Recent OCR Newsletter Highlights Growing Cyber Extortion Threat for Healthcare Organizations

by BakerHostetler on

The OCR’s January 2018 newsletter details specific types of cyber extortion that healthcare organizations are currently encountering, including ransomware, denial of service attacks, distributed denial of service attacks and...more

OCR Warns of Cyber Extortion and Provides Checklist

In its January newsletter, the Office for Civil Rights (OCR) focused on cyber extortion, which it stated has “risen steadily over the past couple of years and continue to be a major source of disruption for many...more

ICYMI in Cybersecurity and Data Breach

by Davis Wright Tremaine LLP on

Group Makes $50 Million by Phishing Bitcoin Users Using Google AdWords - Bleepingcomputer.com reports that cybercriminals use traditional phishing techniques to steal Bitcoin, but drive traffic to their phishing sites...more

Thirty-Six Individuals Charged In Global Cybercrime Ring “Infraud”

by King & Spalding on

The United States Department of Justice (“DOJ”) recently indicted thirty-six individuals leading a global cybercrime ring for allegedly trafficking in stolen personal and financial information....more

What Companies Can Learn from the DNC Hack

by Womble Bond Dickinson on

In summer 2015, the spies of a foreign country gained access to a private company’s domain name – pick any company you like, or several, since we don’t know which ones or how many. And within those domains, they created false...more

Cybersecurity Concerns Surround the Promise of Driverless Cars

by Womble Bond Dickinson on

Driverless cars and driver-assist systems are poised to change transportation as profoundly and as quickly as the internet has changed shopping and communications. Examples of the first wave of this technology that is on the...more

Cyber-Threats: Five Tips for Data Protection We Learned in 2017

by Baker Donelson on

Year-end is an excellent opportunity to reflect and get organized for the coming year. While making your list of New Year's resolutions, consider potential cyber and data security threats to you and your business and prepare...more

Two Proposed Data Security Laws Reflect National Trend Toward Affirmative Responsibilities

by Moore & Van Allen PLLC on

With major consumer data breaches making headlines on a semi-regular basis, legislators around the country are starting to hold businesses more accountable for cybersecurity compliance....more

7 Reasons to Read FTC’s 2017 Privacy & Data Security Update

by Revision Legal on

The Federal Trade Commission (“FTC”) recently released its 2017 Annual Privacy and Data Security Update. We see seven compelling reasons to read the 2017 FTC Update and to take data breaches seriously...more

Trouble on the horizon: what ENISA’s Report tells us about the threat of data breaches

by WilmerHale on

Last month, the European Union Agency for Network and Information Security (ENISA) published its 2017 ‘Threat Landscape Report’. The Report comments on general trends in the area of cybercrime, and identifies and gathers data...more

Mnuchin to discuss Equifax data breach with FSOC

by Ballard Spahr LLP on

Appearing before the House Financial Services Committee Tuesday at a hearing entitled “The Annual Report of the Financial Stability Oversight Council” (FSOC), Treasury Secretary Mnuchin indicated that he intends to discuss...more

Data Privacy + Cybersecurity Insider - February 2018

by Robinson & Cole LLP on

Allscripts Healthcare Solutions Inc. notified its electronic medical record customers last week that a ransomware attack was behind the disruption of service for medical providers. Please see full Publication below for...more

CFPB reportedly puts investigation of Equifax on ice while other government agencies press forward

by Ballard Spahr LLP on

Equifax announced on September 7, 2017 a massive data breach affecting an estimated 143 million consumers. Richard Cordray, the then Director of the CFPB, shortly thereafter authorized an investigation according to several...more

Two Proposed Data Security Laws Reflect National Trend Toward Affirmative Responsibilities

by Moore & Van Allen PLLC on

With major consumer data breaches making headlines on a semi-regular basis, legislators around the country are starting to hold businesses more accountable for cybersecurity compliance. Industry-specific laws such as HIPAA...more

United States Supreme Court Considers Whether to Weigh in on Circuit Split in Data Breach Actions

In October 2017, healthcare insurer, CareFirst, petitioned the United States Supreme Court, requesting the Court to clarify the constitutional standing requirement for plaintiffs seeking to bring claims regarding their...more

Oklahoma State Hack Compromises Half a Million Records

Oklahoma State University Center for Health Sciences (OSUCHS) has notified 279,865 patients that their protected health information may have been compromised as a result of a hacking incident....more

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Cybersecurity

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