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Cyber Crimes Ransomware

Robinson+Cole Data Privacy + Security Insider

Labor Union Faces Class Action for Data Breach

A class action complaint was filed against the International Brotherhood of Electrical Workers (IBEW) labor union for a data breach that occurred between March 31 and April 5, 2024. IBEW represents individuals who work in a...more

Bradley Arant Boult Cummings LLP

Ransomware Reckoning – The New Bill Changes the Game

The Intelligence Authorization Act for Fiscal Year 2025 (S.4443) is a bold legislative step in addressing ransomware as a critical threat. The act’s provisions, from elevating ransomware to a national intelligence priority to...more

Baker Botts L.L.P.

'Ransom Cartel' Leader Indicted: A Reminder of Cybercrime’s Growing Reach

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The recent indictment of Maksim Silnikau, a Belarusian and Ukrainian national, is a clear reminder that cybercriminals are becoming more sophisticated and bold....more

Robinson+Cole Data Privacy + Security Insider

Privacy Tip #408 – Russian Cybercriminals Get 69% of Ransom Payments

Anecdotally, we know that cybercriminals hailing from Russia are a significant risk to U.S.-based and world companies and governmental entities. With two convicted Russian cybercriminals being released this week in the...more

Robinson+Cole Data Privacy + Security Insider

Columbus, Ohio Hit with Ransomware Attack

The city of Columbus, Ohio, announced on May 29, 2024, that it was forced to take its systems offline due to a ransomware attack. According to its notice, the attack was perpetrated by “an established, sophisticated threat...more

Troutman Pepper

Restrictions on Paying a Ransom Demand - Dear Mary – Incidents + Investigations Cybersecurity Advice Column

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“Dear Mary” is Troutman Pepper’s Incidents + Investigations team’s advice column. Here, you will find Mary’s answers to questions about anything and everything cyber-related — data breaches, forensic investigations, how to...more

Dorsey & Whitney LLP

Cybercrime Trends: A Midyear Review

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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

Robinson+Cole Data Privacy + Security Insider

Scattered Spider Using RansomHub and Qilin Ransomware Against Victims

We previously reported on the concerning mash-up of worldwide cybercriminals, known as Scattered Spider, working together to attack victims. New reports from Microsoft and others indicate that in the second quarter of...more

Hogan Lovells

FBI obtains 7,000 LockBit decryption keys providing some victims relief

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Victims of LockBit ransomware attacks can reach out to the FBI for decryption keys and all companies can prepare against ransomware attacks. The FBI secured 7,000 LockBit decryption keys, providing victims of LockBit...more

HaystackID

Santander Faces Major Cyber Attack Compromising Millions of Customers’ Data

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In May, Santander Bank faced a significant cybersecurity breach that affected millions of its customers and employees worldwide. The hacking group ShinyHunters claimed responsibility for the attack, which also targeted...more

Alston & Bird

LockBit Takedown Indicates Shifting DOJ Cyber Strategy and Has Implications for Ransomware Victims

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On May 7, 2024, the United States unsealed an indictment against Dmitry Yuryevich Khoroshev, one of the leaders of the Russian-based ransomware group LockBit, for his alleged involvement in developing and distributing the...more

Patterson Belknap Webb & Tyler LLP

Recent Ransomware Attacks Highlight the Evolving Challenges in Responding to Cyber Extortion

A spate of recent ransomware attacks illustrates the increasingly difficult calculations that businesses face following the theft or encryption of their data....more

Hogan Lovells

CL0P ransomware gang is on the rise

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CL0P is adopting “quadruple extortion” tactics. If your organization has received a ransomware demand, CL0P may be a familiar name. In 2023, CL0P was the third most prolific ransomware gang, after Lockbit and ALPHV....more

Spilman Thomas & Battle, PLLC

Decoded Technology Law Insights, V 5, Issue 3, April 2024

Using AI to Build Cyber Resilience for Critical Infrastructure - "Cyber resilience serves as a literal survival strategy, offering a framework to detect threats, understand attacks, recover swiftly, and adapt to...more

Guidepost Solutions LLC

Change Healthcare Ransomware Attack: 10 Lessons Learned

Why does it matter to you? In February of 2024, Change Healthcare, a prominent player in the healthcare industry, fell victim to a ransomware attack that sent shockwaves through its systems and networks. The incident...more

Health Care Compliance Association (HCCA)

Privacy Briefs: March 2024

Research from Guidepoint Security found that 2023 saw an 80% increase in ransomware activity year-over-year, driven in part by multiple mass exploitation campaigns impacting hundreds of organizations. In total, the report...more

Guidepost Solutions LLC

Cyber Bullets for Small Law Firms

In our rapidly evolving digital landscape, all organizations are facing an onslaught of cybersecurity threats. According to recent research, victims of cyber attacks paid out a record $1.1 billion last year and have already...more

Alston & Bird

Top 10 Issues General Counsel Need to Know About Ransomware in 2024

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Threat actors are evolving. Our Privacy, Cyber & Data Strategy Team explains how ransomware gangs have changed their tactics and how companies can respond to the threat while navigating new scrutiny from investors and...more

Hogan Lovells

U.S. State Department combats cybercrime with million-dollar reward offers

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Informants can net $15 million for information about leaders behind the ALPHV/Blackcat Ransomware. The U.S. Department of State is offering rewards of up to $10 million for information leading to key leaders in the...more

Robinson & Cole LLP

Data Privacy + Cybersecurity Insider - February 2024 #2

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CYBERSECURITY - Ransomware Hitting U.S. Companies at Increasing Rate - Unfortunately, according to Unit 42 of Palo Alto’s recently published “Ransomware and Extortion Report,” ransomware groups had a good year in 2022....more

Robinson+Cole Data Privacy + Security Insider

Ransomware Hitting U.S. Companies at Increasing Rate

Unfortunately, according to Unit 42 of Palo Alto’s recently published “Ransomware and Extortion Report,” ransomware groups had a good year in 2022. They found that threat actors are using multi-extortion tactics to get paid...more

Alston & Bird

FBI Develops Decryption Tool to Combat Blackcat Ransomware

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On December 19, 2023, the Justice Department (“DOJ”) announced a disruption campaign against the Blackcat ransomware group.  In the same press release, they also stated that the Federal Bureau of Investigation (“FBI”) had...more

Robinson+Cole Data Privacy + Security Insider

Chinese Hackers Allegedly Use ChatGPT to Write Ransomware

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

Hinckley Allen

The 2023 Cyber Year in Review

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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

Lowenstein Sandler LLP

Trade Matters - Lowenstein Sandler's Global Trade & National Security Newsletter - December 2023

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TRADE TIP OF THE MONTH: New Companies Have More Time To Report Ownership- The Treasury Department’s Financial Crimes Enforcement Network issued a final rule in late November to delay the deadline for newly created...more

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