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Cybersecurity › New Guidance › Ransomware

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 -
Schwabe, Williamson & Wyatt PC

Agencies Release Actionable Guidance on Play Ransomware

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The United States Cybersecurity and Infrastructure Security Agency (CISA), the Federal Bureau of Investigation (FBI), and the Australian Signals Directorate’s Australian Cyber Security Centre (ASD’s ACSC) have issued an...more

Holland & Hart LLP

OCR Provides Guidance to the Healthcare Industry to Combat Ransomware Attacks

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In the spirit of National Cybersecurity Awareness Month, the Office of Civil Rights (“OCR”) released a new video on October 17, 2024, to promote awareness on ransomware trends in the healthcare industry and how HIPAA subject...more

WilmerHale

Federal Agencies Publish New Version of the #StopRansomware Guide

WilmerHale on

On May 23, 2023, the Cybersecurity and Infrastructure Security Agency (CISA) published a second edition of the #StopRansomware Guide (the Guide). The Guide, first published in September 2020, aims to help organizations reduce...more

Jones Day

French Law Authorizes Insurability of "Cyber-Ransoms" Paid by Victims, Subject to Prompt Filing of Complaint

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France's Orientation and Programming Law of the Ministry of the Interior ("LOMPI law"), published in the Official Journal of January 25, 2023, amends the insurance coverage of losses and damages paid in response to...more

Robinson+Cole Data Privacy + Security Insider

FBI + CISA Warn Companies (Especially Health Care) About Zeppelin Ransomware

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The FBI and CISA recently issued a Cybersecurity Alert entitled “#StopRansomware: Zeppelin Ransomware” providing an alert to organizations about the proliferation of Zeppelin ransomware attacks and information on the...more

Robinson & Cole LLP

Data Privacy + Cybersecurity Insider - May 2022 #2

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CYBERSECURITY NIST - Releases Guidance on Supply Chain Security - The National Institute of Standards and Technology (NIST) Information Technology Laboratory recently released guidance entitled “Software Supply Chain...more

Polsinelli

Federal Banking Regulators Issue New Guidance for Complying with 36 Hour Cybersecurity Incident Reporting Requirement

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On March 29, 2022, federal banking regulators issued important guidance for how banking organizations can comply with the upcoming requirement to notify regulators within 36 hours of ransomware or other disruptive...more

Woods Rogers

Banks Will Have 36 Hours to Report Cyberattacks Under New Rule

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The federal banking agencies recently issued a final regulation that will require a bank to notify its primary federal regulator of a cyberattack, or computer-security incident, no later than 36 hours after the bank...more

Akin Gump Strauss Hauer & Feld LLP

Treasury to Companies: Time to Take Ransomware Reporting Seriously

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On September 21, 2021, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) published an updated sanctions advisory, providing guidance to companies on sanctions compliance obligations related to ransomware...more

Polsinelli

Federal Banking Regulators Issue Rule Requiring 36 Hour Notice of Ransomware and Other Disruptive Cybersecurity Incidents

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On November 18, 2021, the Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, and the Office of the Comptroller of the Currency issued a joint final rule to require banking...more

Fisher Phillips

Federal Authorities Warn Employers Against Ransomware Payouts and Offer New Guidance on Preventing and Responding to Cyberattacks

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Federal officials have recently warned employers and businesses that they could have insult added to injury if they respond to cyberattacks by making ransomware payments – increasingly requested through cryptocurrency – as...more

King & Spalding

OFAC Puts Virtual Currency Industry On Notice

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Guidance Demonstrates OFAC’s Expectations for Sanctions Compliance by Cryptocurrency Industry - On October 15, 2021, the Office of Foreign Assets Control (“OFAC”) of the U.S. Department of the Treasury published Sanctions...more

Sheppard Mullin Richter & Hampton LLP

Do You Have a Risk-Based Sanctions Compliance Program?: In the Event of a Ransomware Attack, OFAC Wants to Know

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In the wake of increased ransomware attacks over the course of the last several months, the US Department of Treasury’s Office of Foreign Assets Control (OFAC) has updated a guidance it released last year on potential...more

K2 Integrity

OFAC Releases Updated Ransomware Advisory and Announces First Designation of Cryptocurrency Exchange

K2 Integrity on

On 21 September 2021, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued an updated advisory that highlights the sanctions risks associated with making ransomware payments. OFAC reiterated...more

Adams & Reese

The Department of Treasury Issues Guidance Regarding Sanctions Risks Inherent to Facilitating Ransomware Payments

Adams & Reese on

On September 21, 2021, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued an updated advisory outlining the risks involved with facilitating ransom payments to malicious actors conducting...more

Goodwin

NYDFS Issues Ransomware Guidance Aimed At Combatting Rising Cyber Threats

Goodwin on

The exponential rise in ransomware attacks in the past year has everyone on high alert, not least of which are regulators. Following on the heels of a June 2, 2021 White House memo addressing ransomware prevention, on June...more

Sheppard Mullin Richter & Hampton LLP

NYDFS Issues Ransomware Guidance

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The New York State Department of Financial Services recently announced new guidance addressing ransomware attacks, and highlighting cybersecurity measures to significantly reduce the risk of an attack. The guidance comes as...more

Jones Day

New York Department of Financial Services Announces New Guidance on Ransomware Prevention

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On June 30, 2021, the New York Department of Financial Services ("NYDFS") identified key cybersecurity measures to prevent and prepare for ransomware attacks. ...more

Holland & Hart LLP

Cybersecurity and HIPAA: Government Issues New Warning and Guidance in Wake of Increased Threats

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The U.S. Department of Health and Human Service’s Office for Civil Rights in Action (OCR) issued a warning that cybercriminals are attempting to exploit a critical vulnerability in VMware software. This alert originates from...more

Hogan Lovells

To pay or not to pay: Another regulator weighs in on the decision to pay a ransom

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Ransomware victims face a nearly impossible decision: pay criminals holding their business hostage or refuse and face possible crippling consequences. This decision requires careful analysis of a number of considerations, and...more

Snell & Wilmer

OFAC Issues Advisory on Ransomware Payments

Snell & Wilmer on

On October 1, 2020, the U.S. Treasury’s Office of Foreign Assets Control (OFAC) issued an advisory regarding the potential sanctions risk for entities that facilitate ransomware payments. OFAC defined “ransomware” as: A form...more

Foley & Lardner LLP

U.S. Cybersecurity Organizations Issue Warning on Ransomware Activity Targeting Healthcare with Guidance Applicable to All...

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

WilmerHale

Guidance on Potential Ransomware Attacks on US Hospitals

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We hope you have read about the reporting on potential ransomware attacks on US hospitals and perhaps other health care providers. If you have not, please review this guidance from the government agencies involved in this...more

White & Case LLP

US Treasury Advises on Potential Sanctions Risks Raised by Ransomware Attacks

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On October 1, 2020, the US Department of the Treasury's Office of Foreign Assets Control ("OFAC") issued an advisory opinion on the sanctions risks associated with certain cyberattacks ("OFAC Guidance"). The OFAC Guidance...more

Vinson & Elkins LLP

OFAC & FinCEN Advisories Highlight Potential Sanctions Risks To Ransomware Payments

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On October 1, 2020, the Office of Foreign Assets Control (“OFAC”) issued guidance warning of potential sanctions risks for making ransomware payments related to malicious cybersecurity incidents. The same day, the Financial...more

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