News & Analysis as of May 9, 2025

U.S. Treasury

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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 -

You’ve been hit with ransomware. Think twice before you pay.

Constangy, Brooks, Smith & Prophete, LLP on 12/10/2024

You've been hit by a ransomware attack, and a cybercriminal group is demanding a cryptocurrency payment in exchange for your data's safe return. Should you pay? Deciding whether to pay a ransom is an internal business...more

Estafas Navideñas Impulsadas Por La Inteligencia Artificial

Foodman CPAs & Advisors on 12/12/2023

El 22/11/23, la Oficina de Ciberseguridad y Protección de Infraestructura Crítica del Departamento del Tesoro de los EE. UU. publicó un Aviso que brinda consejos a los consumidores para evitar convertirse en víctimas de...more

Holiday Scams Propelled By Artificial Intelligence

Foodman CPAs & Advisors on 12/12/2023

On 11/22/23, the U.S. Department of the Treasury’s Office of Cybersecurity and Critical Infrastructure Protection office released an advisory providing tips to consumers to avoid becoming the victim of cyber or online...more

Cybersecurity Awareness Month Series: FBI Director Asks for Help to Fight Cyber Attacks

Jackson Lewis P.C. on 10/3/2023

When hit with a cybersecurity attack, organizations are often not inclined to bring in federal law enforcement. Recent comments by FBI Director Christopher Wray at Mandiant’s annual mWISE 2023 conference seek to encourage the...more

Federal Agencies Issue Alert Regarding Maui Ransomware

Foley Hoag LLP - Security, Privacy and the... on 7/27/2022

On July 7, 2022, three federal agencies – the Federal Bureau of Investigation, the Cybersecurity and Infrastructure Security Agency, and the Department of the Treasury – issued a joint alert regarding Maui Ransomware, which...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

Healthcare Companies Seek to Manage Risk of Ransomware Attacks, According to Report

Jackson Lewis P.C. on 2/16/2022

Healthcare companies continue to face increased risks of ransomware attacks on their operations. According to the recently released BD Cybersecurity Annual Report for 2021, such attacks are also increasingly sophisticated....more

Ransomware Victims Told to Think Twice Before Paying Hackers

Bracewell LLP on 9/24/2021

On Tuesday, the U.S. Department of Treasury’s Office of Foreign Asset Control (“OFAC”) issued an updated advisory warning all ransomware victims that if they succumb to ransomware demands and pay foreign actors who are...more

OFAC Helps Those Who Help Themselves: How a Ransomware Response Plan Can Help Avoid Sanctions Enforcement for Ransom Payments

Fenwick & West LLP on 9/24/2021

Many companies have a “no ransomware payment” stance until faced with a ransomware attack, especially an attack that causes significant business disruption. At that point, the company may reconsider its stance (or at least...more

Ransomware: To Pay or Not to Pay?

King & Spalding on 10/15/2020

Ransomware has emerged as one of the most virulent cybersecurity risks, affecting public and private sector alike. In recent years, ransomware attacks have become more focused, sophisticated, costly, and numerous. Threat...more

OFAC Advisory Warns of Civil Penalties for Ransomware Payments

McDermott Will & Emery on 10/13/2020

The US Department of Treasury’s Office of Foreign Assets Control (OFAC) issued an advisory alert on October 1, 2020, that serves as a warning to entities who have been or will be the victim of a ransomware attack. The...more

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