DHS and Cyber: What Should Companies Expect?
Modern warfare is no longer restricted to physical battlefields and professional military. Countries like North Korea and Russia have few qualms about using cyberspace to reach well beyond their physical borders to target...more
Welcome to Holland & Knight's monthly defense news update. We are excited to bring you the latest in defense policy, regulatory updates and other significant developments. ...more
U.S. authorities have increased warnings of threats to critical infrastructure from Russian sources and have laid the groundwork for 72-hour reporting requirements for critical infrastructure organizations. At the end of...more
Regulatory Developments - Agencies Issue Joint Proposal to Strengthen and Modernize CRA Regs - On May 5, the FDIC, the FRB and the OCC issued a joint Notice of Proposed Rulemaking (NPR) to “strengthen and modernize” the...more
A proposed $1M civil penalty against Colonial Pipeline for its procedural failures during a ransomware attack could indicate what’s in store for critical infrastructure operators who fail to keep employees up to date on how...more
As we watch the televised Russian invasion of Ukraine with horrific destruction and casualties caused by missiles, tanks, and other conventional warfare the hostilities may seem far away and distant. As Russia continues to...more
On March 18, 2022, President Biden issued a letter to California Gov. Gavin Newsom (the “March 18th letter”) requesting that he secure California’s computer systems and critical infrastructure in light of recent Russian...more
FDIC Directs Banks to Provide Notice Before Engaging in Crypto-related Activities According to guidance recently issued by the FDIC, banks that it supervises and that intend to engage in, or are already engaged in, activities...more
Last month, the U.S. Cybersecurity and Infrastructure Security Agency (CISA), the Federal Bureau of Investigation (FBI), and the U.S. Department of Energy (DOE) issued a joint advisory providing “information on multiple...more
On March 24, 2022, the Department of Justice unsealed two indictments charging four Russian government employees in two hacking campaigns that targeted critical infrastructure in the energy sector. We cover these indictments...more
What You Need to Know- •The Strengthening American Cybersecurity Act will impose cyber incident and ransomware attack response protocol for a broad spectrum of businesses operating in numerous core industry sectors of the...more
What You Need to Know- •President Biden has called upon private sector businesses to take specific steps to implement certain “best practices” aimed at minimizing their cybersecurity risks in light of heightened concerns...more
The potential for malicious cyber activity has been a concern for the Biden administration throughout the evolving crisis in Ukraine (including the imposition of sanctions against Russia). In response to the concern, the...more
Following on the heels of the New York Department of Financial Services February 25, 2022 letter to regulated entities regarding the “Escalating Situation in Ukraine and the Impact to Financial Sector,” on March 2, 2022,...more
Russia initiated a full-scale invasion of one of its sovereign neighbors and the Western world has responded with censure and fury. Our governments and financial institutions have cut off Russian access to money....more
On Feb. 24, 2022, Russia launched a large-scale military incursion into Ukraine. By all accounts, the Russian offensive attacked on multiple fronts, including against Ukraine’s network computers and communication systems. The...more
The U.S. Cybersecurity & Infrastructure Agency (CISA) has issued a rare “shields up” warning regarding cybersecurity attacks, saying that every organization, of every size, should be prepared to respond to disruptive cyber...more
Russia’s full-scale military invasion of Ukraine is raising cybersecurity risks for American businesses. Corporate America must take immediate additional precautions to protect their networks in light of what is quickly...more
What: Cleared Defense Contractors (CDCs) are being actively targeted by Russian state-sponsored cyber activity, according to a Joint Cybersecurity Advisory from the Federal Bureau of Investigation (FBI), National Security...more
Report on Patient Privacy 22, no. 2 (February, 2022) - Tensions between the U.S. and Russia could lead to a heightened risk of Russian state-sponsored cyberattacks on U.S. interests, including health care organizations,...more
Selected Developments in U.S. Law - SEC Proposed Rule Will Require Private Funds to Report Certain Cyber Events On January 26, 2022, the U.S. Securities and Exchange Commission (SEC) proposed new rules to enhance hedge fund...more
According to the U.S. Cybersecurity and Infrastructure Security Agency (“CISA“), the potential hostilities between Russia and Ukraine are likely to spill over into cyber warfare. In this month’s CISA Insights: Every...more
On September 21, 2021, the US Treasury Department’s Office of Foreign Assets Control (“OFAC”) levied its first sanctions against a Russian-operated virtual currency exchange involved in ransomware payments and published an...more