News & Analysis as of September 21, 2024

Cybersecurity › Bitcoin

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Follow this channel for advisories on one of the biggest threats to businesses today. Read a morning brief of fresh guidance and commentary by leading lawyers on security, privacy, risk... more +

Follow this channel for advisories on one of the biggest threats to businesses today. Read a morning brief of fresh guidance and commentary by leading lawyers on security, privacy, risk management, global regulations, data protection, leaks, hacking, cyber insurance, compliance, HIPAA, and every other aspect of cybersecurity of import to corporate readers right now. less -

[Webcast Transcript] Solve the Digital Puzzle: Your Guide to Navigating Mobile Forensics’ Future

HaystackID on 5/1/2024

Editor’s Note: In this insightful discussion between John Wilson, Chief Information Security Officer and President of Forensics at HaystackID, and Rene Novoa, Director of Forensics at HaystackID, we delve into the intricate...more

Mining Your Own Business: Tax and Estate Planning with Crypto

Dechert LLP on 2/14/2024

Cryptocurrency, a digital form of currency that uses cryptography for security, has become a significant part of the global financial landscape. As such, it has also become an important consideration in estate planning. This...more

No Password Required: CEO of Paragon Cyber Solutions, Family-Night Game Champion, and Calculated-Risk Taker

Carlton Fields on 9/6/2023

Courtney Jackson is the CEO of Paragon Cyber Solutions, a Tampa-based cybersecurity solutions provider. If Courtney’s name sounds familiar, that may be because she was named the Global 2022 Cybersecurity Woman Entrepreneur of...more

Project W: Web 2.5 – The Companies That Are Using the Blockchain To Innovate and Solve Big Problems

Davis Wright Tremaine LLP on 8/28/2023

Saying the word "crypto" will get a visceral reaction in many circles, and if you say you still believe in the future of crypto, you have a high likelihood of being blacklisted. I get it. It has been a tumultuous 16...more

Cryptocurrency Valuation Swings and Centralization

Nutter McClennen & Fish LLP on 4/5/2023

Lately there has been some skepticism regarding the stability of cryptocurrencies. This may be in part due to the spectacular Q3/Q4 crypto had in 2022 after a meteoric rise earlier that year. With the disclaimer that I am an...more

Inside the Courts – An Update From Skadden Securities Litigators - March 2023

Skadden, Arps, Slate, Meagher & Flom LLP on 3/16/2023

Circuits Split Over Whether Targeting Is Necessary for Seller Liability - Key Points - - While courts have long held that solicitations must be tailored to a particular audience to precipitate statutory seller liability,...more

Ransomware Attacks Against Healthcare Providers Continue to Increase

Fox Rothschild LLP on 1/20/2023

The systems healthcare providers use to provide safe and reliable patient care, and their confidential patient information, provide attractive targets for hackers using ransomware to extort payment....more

Karakurt Extortion Group Auctions Data for Ransom

Robinson+Cole Data Privacy + Security Insider on 6/16/2022

On June 2, 2022, CISA (the Cybersecurity and Infrastructure Security Agency), the FBI, the Department of the Treasury and the Financial Crimes Enforcement Network issued a joint Cybersecurity Alert warning companies of the...more

The US$4.5 billion Bitfinex hack – five things you should know

Hogan Lovells on 3/31/2022

The hack of the Hong-Kong based crypto-exchange Bitfinex has been described as the “heist of the century”. Where a crypto-asset is in play in litigation, in particular as a potential target for enforcement, parties should be...more

Decoded: Technology Law Insights, Volume 3, Issue 5

Spilman Thomas & Battle, PLLC on 3/18/2022

The Cryptocurrency Revolution and President Biden's Formal Recognition - Out of the ashes of the 2008 financial crisis, Bitcoin sprang up like an insurgency, targeting both the unbridled activity of large financial...more

Decoded: Technology Law Insights, Volume 3, Issue 3

Spilman Thomas & Battle, PLLC on 2/16/2022

Concerning Healthcare Data Breach Reporting Trend - "There has been a trend in recent years for HIPAA-regulated entities to wait the full 60 days from the date of discovery of the breach to issue notifications to affected...more

Forecast: January 2022 Edition

Fisher Phillips on 1/26/2022

Welcome to FP Forecast, a monthly outlook featuring Fisher Phillips thought leaders providing their insights into what employers can expect in 2022 and beyond. By following along each month, you’ll be in the best position to...more

International Legal Highlights - December 2021

McDermott Will & Emery on 12/16/2021

CROSS-PRACTICE TEAM RECOVERS $6 MILLION FROM BITCOIN THIEF IN SHORT ORDER - The Challenge: In the emerging cryptocurrency space, most investors store their assets in digital wallets, where—unlike traditional bank...more

OFAC Speaks Again on Ransomware: Mature Cybersecurity Programs Are Important

Manatt, Phelps & Phillips, LLP on 11/12/2021

Last year, as employees clicked away at home amid the COVID-19 pandemic lockdown, ransomware attacks surged, with hospitals and other health care providers the top target. This year will be worse—2021 has already seen more...more

Decoded: Technology Law Insights, Volume 2, Issue 19

Spilman Thomas & Battle, PLLC on 9/30/2021

Biotechnology Can Fight Climate Change—but Trade Negotiators Need to Act - "Emerging biotechnology, such as gene-editing, can safely and effectively change our planet's future for the better." Why this is important:...more

Decoded: Technology Law Insights, Volume 2, Issue 18

Spilman Thomas & Battle, PLLC on 9/15/2021

El Salvador Buys 200 Bitcoins as the Digital Currency Becomes Legal Tender - "El Salvador became the first country to adopt bitcoin as a national currency, kicking off a radical monetary experiment that could pose risks to...more

Decoded: Technology Law Insights, Volume 2, Issue 17

Spilman Thomas & Battle, PLLC on 9/2/2021

China Passes Major Data Protection Law as Regulatory Scrutiny on Tech Sector Intensifies - A final version of the law has not been published but a previous draft included rules around requiring consent for data protection...more

Decoded: Technology Law Insights, Volume 2, Issue 16

Spilman Thomas & Battle, PLLC on 8/18/2021

The T-Mobile Data Breach is One You Can’t Ignore - "Hackers claim to have obtained the data of 100 million people—including sensitive personal information." Why this is important: Earlier this week, reports began...more

The Use of Bitcoin and Cryptocurrencies in Ransomware Attacks: Why Employers Should Care

Fisher Phillips on 7/14/2021

As ransomware attacks continue to become more of a concern for employers of all sizes, an increasing number of hackers are demanding cryptocurrency such as Bitcoin in exchange for ending their attack. The recent ransomware...more

Decoded: Technology Law Insights, Volume 2, Issue 12

Spilman Thomas & Battle, PLLC on 6/24/2021

Humana Sued Over Wrongful Records Access Data Breach - "Louisville, Ky.-based Humana is being sued over a data breach last fall that exposed the personal information of about 65,000 of its health plan members, according...more

The Justice Department Strikes Back and Recovers Ransom Paid by Colonial Pipeline

The Volkov Law Group on 6/23/2021

You just can’t make this stuff up – the Justice Department, displaying its growing sophistication of the cyber world, announced it recovered most of the ransom paid to criminal hackers of Colonial Pipeline Co. (Colonial)....more

DOJ Grabs Colonial Pipeline Crypto Wallet from DarkSide

Robinson+Cole Data Privacy + Security Insider on 6/11/2021

In an unusual and exciting twist to the Colonial Pipeline ransomware attack, the Department of Justice (DOJ) announced this week that it was able to retrieve $2.3 million of the $4.4 million paid by Colonial Pipeline to...more

Explaining Cryptocurrency’s Ransomware Problem

Kelley Drye & Warren LLP on 6/11/2021

The recent ransomware attacks on Colonial Pipeline and JBS led to a flurry of calls to ban Bitcoin (and cryptocurrency generally) as enabling and incentivizing these attacks. Given the difficulty of tracking the...more

New Developments in the Colonial Pipeline Attack Provide Businesses Good News – And Some Important Lessons

Woods Rogers on 6/10/2021

It has been barely a month since we reported on the recent ransomware attack on the Colonial Pipeline Company, yet news continues to break with additional revelations about the recent attack. What we have learned during the...more

DOJ Seizes Millions in Ransom Paid to Colonial Pipeline Hackers

Kramer Levin Naftalis & Frankel LLP on 6/10/2021

On June 7, the Department of Justice (DOJ) announced that it seized 63.7 of the 75 bitcoins paid by Colonial Pipeline to ransomware attackers last month. The recovered bitcoins were valued at $2.3 million at the time of...more

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