News & Analysis as of

Cyber Attacks Security Risk Assessments

Holland & Knight LLP

Plaintiffs Request Court Approval of $8.7M Settlement in ERISA Class Action Cyberattack Lawsuit

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Multi-employer plan participants involved in an Employee Retirement Income Security Act of 1974 (ERISA) class action lawsuit against Horizon Actuarial Services LLC (Horizon), a national retirement services firm, have entered...more

Mitchell, Williams, Selig, Gates & Woodyard,...

Emerging Theories of Liability in the Internet of Things Era

The Internet of Things (“IoT”) has ushered in a new era of connectivity and convenience, but with it comes a host of legal issues and emerging theories of liability. As IoT devices become increasingly ubiquitous in our daily...more

Ankura

Penetration Test – Out-Hack the Hackers? An Interview with Mark Manousogianis

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When evaluating cybersecurity and data protection risk for our clients, the two most fundamental questions that need to be answered are: How vulnerable is our organization to active cyber threats that are likely to...more

Ankura

The 80/20 Rule in MDR: People, Not Technology, Catch the Biggest Threats

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While Managed Detection and Response (MDR) takes advantage of the latest technology, it is important to recognize that humans are still the best at making the complex, nuanced decisions that are sometimes necessary in...more

Mitratech Holdings, Inc

[Webinar] How to Manage Cybersecurity Maturity in Your Supply Chain - October 5th, 10:00 am EST

Join Mitratech & Escrypt in this electrifying new webinar on strengthening cybersecurity maturity. As local and global automotive cybersecurity regulations, standards, and guidelines increase in complexity, organizations are...more

Ankura

A Cyber Threat Analysis of the Russia-Ukraine Conflict

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The Ankura Cyber Threat Investigations & Expert Services (CTIX) team conducted a technical analysis of historical and ongoing adversarial activity associated with the current Ukrainian/Russian conflict. In doing so, the CTIX...more

NAVEX

Strengthening American Cybersecurity Act of 2022

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On March 1st, the United States Senate passed a historic cybersecurity bill with bipartisan and unanimous support. This bill impacts operators of federal infrastructure and federal civilian agencies. The Strengthening...more

Lighthouse

Cybersecurity Defense: Recommendations for Companies Impacted by the Biden Administration Executive Order

Lighthouse on

As summarized in the first installment of our two-part blog series, President Biden recently issued a sweeping Executive Order aimed at improving the nation’s cybersecurity defense. The Order is a reaction to increased...more

Robinson+Cole Data Privacy + Security Insider

HHS Warns Hospitals to Fix Security Vulnerability in PACs

In a rare move, the Department of Health and Human Services (HHS) has issued a warning to hospitals and health systems to prioritize the patching of a two-year-old vulnerability in picture archive communication systems...more

Holland & Knight LLP

SEC Issues First-Ever Penalties for Deficient Cybersecurity Risk Controls

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The U.S. Securities and Exchange Commission (SEC) has launched a stunning salvo across the bows of public companies with its announcement of civil monetary penalties and a cease-and-desist order against First American...more

Society of Corporate Compliance and Ethics...

Debra Geroux and Scott Wrobel on Responding to Data Breaches

When a data breach occurs, one step is often overlooked in the rush to remediate: preserving as much of the data logs and backups as possible That’s a mistake, say Debra Geroux, Shareholder at Butzel Long and Scott Wrobel,...more

Lowenstein Sandler LLP

Health Care Facilities Are Under Cyberattack; Cyber Insurance Provides A Valuable Defense - February 2021

U.S. hospitals, already on the front lines of fighting the coronavirus pandemic, are now facing viral attacks by cybercriminals. More than 20 U.S. hospitals and health care organizations have reported their data being held...more

Dechert LLP

U.S. Warns of Increased Risk of Ransomware Attacks Targeting the Healthcare Industry

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On October 28, 2020, the Cybersecurity and Infrastructure Security Agency (CISA), the Federal Bureau of Investigation (FBI), and the Department of Health and Human Services (HHS) issued a joint cybersecurity advisory (the...more

Rivkin Radler LLP

Anthem Agrees to $48 Million Multi-State Settlements Over 2014 Data Breach

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Health insurer Anthem, Inc. has finally reached a settlement with a coalition of 41 states plus the District of Columbia, and a separate settlement with California, to resolve state attorney general investigations of a data...more

Sunstein LLP

Twenty Years Under the Microscope: A Small Business, a Data Breach and the FTC

Sunstein LLP on

James Grago has a nice business going. He runs a website called ClixSense.com that permits users to earn money by completing surveys and watching advertisements. Revenues grew from $6.7 million in 2015 to $9.1 million in...more

McDermott Will & Emery

[Event] 2019 Privacy & Cybersecurity Risk Management Series - Insights On Cybersecurity And Data Privacy For California Companies...

California has taken bold steps to regulate the privacy and security of personal information, creating unprecedented remedies for data breaches and recognized European-style rights for consumers in their data. On September...more

Hogan Lovells

Best practices for managing cybersecurity risks related to IoT-connected medical devices

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Connected medical devices deliver numerous benefits not available before, including improved monitoring of patient welfare and a wealth of vital data. But for all the advantages available through these devices, their...more

Akin Gump Strauss Hauer & Feld LLP

Cyber FICO Ratings Could Benefit Insurance Underwriting in Multiple Ways

Nearly 30 years ago the Fair Isaac Corporation (“FICO”) first introduced its metric for measuring creditworthiness. Since then, the FICO Score has become a default metric used by countless market participants to facilitate...more

Robinson+Cole Data Privacy + Security Insider

HHS: Ransomware Attacks Likely HIPAA Breaches In Absence of Encryption

On July 11, 2016, the U.S. Department of Health & Human Services (HHS) issued a Fact Sheet that provides guidance on (i) how HIPAA Security Rule compliance can assist health care organizations combat ransomware attacks, and...more

Mintz - Health Care Viewpoints

“Your Money or Your PHI”: OCR Releases Guidance on Ransomware

On July 11, 2016, the Office for Civil Rights (OCR) released important new guidance on ransomware for hospitals and other healthcare providers and finally addressed the question of whether electronic protected health...more

Mintz - Health Care Viewpoints

Data-Harvesting Zombie Hackers, Blood-Thirsty Auditors, and Other Reasons to be Scared on Halloween

This Halloween, the scariest monsters might not be in your closet or under your bed. They may be overseas, orchestrating intrusions into your electronic medical record. Or they may be lurking in your own workforce, carrying...more

Adams and Reese LLP

Six Steps Banks Should Implement to Ensure Their Security Procedures are Commercially Reasonable

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Banks are tasked by the Uniform Commercial Code (the UCC) with using “commercially reasonable” security procedures when processing funds transfers. This responsibility is constantly evolving as bank fraud becomes more...more

Proskauer on Privacy

SEC Cybersecurity Update

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Results from the SEC’s First Round of Cybersecurity Examinations - On February 3, 2015, the OCIE published a risk alert summarizing its findings from its examinations of over 100 registered investment advisers and...more

Snell & Wilmer

SEC Announces Second Wave of Cyber Exams of Broker Dealers and Advisors – Is Your Firm Ready?

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In April 2014, the Securities and Exchange Commission’s (“SEC”) Office of Compliance Inspections and Examinations (“OCIE”) issued a Risk Alert announcing its first cybersecurity sweep initiative. Pursuant to that initiative,...more

Morgan Lewis

Proactive Approach To Cybersecurity: Recent SEC guidance and enforcement actions suggest that reactive firms may be in the SEC’s...

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In an environment where even the largest and most powerful corporations have fallen victim to data breaches, it can be challenging to fathom how to protect against the sophisticated and ever-evolving threat of cyber attacks....more

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