News & Analysis as of June 2, 2025

Russia

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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 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 -

Criminal Charges Lodged Against Alleged Phobos Ransomware Affiliates

Robinson+Cole Data Privacy + Security Insider on 2/14/2025

Unfortunately, I’ve had unpleasant dealings with the Phobos ransomware group. My interactions with Phobos have been fodder for a good story when I educate client employees on recent cyber-attacks to prevent them from becoming...more

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

Baker Botts L.L.P. on 8/14/2024

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

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

Robinson+Cole Data Privacy + Security Insider on 8/2/2024

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

Boeing Hit with LockBit Ransomware

Robinson+Cole Data Privacy + Security Insider on 11/10/2023

Boeing has confirmed that its parts and distribution site has been attacked by LockBit ransomware, which is believed to be Russian based. Boeing has said that the attack has not affected flight safety. Boeing is investigating...more

Building Ransomware Resilience - A Proactive Strategy for Businesses and Regulators

WilmerHale on 6/2/2023

The rise of ransomware attacks has prompted the international community to explore a range of approaches to deter these attacks, including the use of sanctions, the further development and instantiation of norms governing...more

Ransomware Criminal Prosecution of Russian National Underscores Pervasive Ransomware Risks

The Volkov Law Group on 6/1/2023

In today’s world of cyber threats, many companies have fallen victim to ransomware attacks. Corporate boards and senior executives face serious issues when their companies are attacked. The payment of ransom is not only...more

Third-Party Risks Making Headlines in 2023 and How to Prepare

NAVEX on 4/19/2023

Third parties have posed significant risks to companies for years, but perhaps more so now than ever before. Cyber threats, Russia sanctions, and a new wave of child labor in the United States are just a few risks making...more

Data Privacy + Cybersecurity Insider - March 2023 #2

Robinson & Cole LLP on 3/31/2023

CYBERSECURITY - Clop Claims Zero-Day Attacks Against 130 Organizations - Russia-linked ransomware gang Clop has claimed that it has attacked over 130 organizations since late January, using a zero-day vulnerability in...more

Clop Claims Zero-Day Attacks Against 130 Organizations

Robinson+Cole Data Privacy + Security Insider on 3/30/2023

Russia-linked ransomware gang Clop has claimed that it has attacked over 130 organizations since late January, using a zero-day vulnerability in the GoAnywhere MFT secure file transfer tool, and was successful in stealing...more

Trends and Moments that Defined 2022 & Predictions for 2023

Ankura on 2/13/2023

While there have been major developments in areas such as data security, cloud computing, and artificial intelligence over the past year, threat actors are becoming increasingly aggressive, sophisticated, and in some cases,...more

Why are Company Ransomware Payments Dropping Dramatically?

Kohrman Jackson & Krantz LLP on 2/2/2023

Companies are increasingly choosing not to pay ransom for ransomware and extortionware due to the growing associated risks. In fact, a recent report by crypto-crime analyst firm Chainalysis found that payments to threat...more

Ankura CTIX FLASH Update - January 2023 - 2

Ankura on 1/16/2023

Health and Human Services Organization Discloses Ransomware Attack and Breach from Early 2022 - On January 5, 2023, Maternal & Family Health Services (MFHS) disclosed that a ransomware attack occurred on April 4, 2022, and...more

Ankura CTIX FLASH Update - December 2022 - 2

Ankura on 12/27/2022

Colombian Energy Provider Empresas Públicas de Medellín Suffers ALPHV Ransomware Attack - Empresas Públicas de Medellín (EPM), one of Colombia's largest public energy, water, gas, sanitation, and telecommunication...more

FinCEN analysis of BSA filings in 2021 reveals increased number and severity of ransomware attacks

Hogan Lovells on 11/8/2022

The Financial Crimes Enforcement Network’s most recent financial trend analysis report on ransomware-related Bank Secrecy Act filings for 2021 reveals an increased number of ransomware attacks and that a substantial number of...more

Ankura CTIX FLASH Update - October 2022 - 3

Ankura on 10/21/2022

Prestige Ransomware Emerges, Targets Ukraine and Poland - A new ransomware variant has emerged in the wild, being used in targeted attacks against the logistics and transportation sectors within Ukraine and Poland. The...more

Hacking Your Health: Can Your Electronic Health Record Be Hacked?

Pietragallo Gordon Alfano Bosick & Raspanti,... on 8/1/2022

Takeaway: With ransomware attacks increasing over the past few years, healthcare organizations can expect hackers to make ransom demands while holding their computer systems hostage....more

LockBit Implements New Technique by Leaking Victim Negotiations

Ankura on 7/27/2022

While many ransomware groups come and go, LockBit seems to be the one that persists. First discovered in September 2019 using the name ABCD, and then gaining notoriety as LockBit in April 2020, the group has outlasted many of...more

RSA Conference Day 1: The Only Constant is Change

Wiley Rein LLP on 6/7/2022

I am at the RSA Conference 2022 in San Francisco, my first time as a member of the private sector, since retiring from the FBI last year. I attended one of the keynotes on the first day of the conference, in between panels on...more

$1M Colonial Pipeline Fine: The Canary in the Coal Mine?

Nossaman LLP on 5/13/2022

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

Health Care Organizations Warned of Aggressive Ransomware Threat

Mintz - Privacy & Cybersecurity Viewpoints on 4/29/2022

Ransomware is the “business pandemic.” Warnings have been issued by multiple agencies around the world to alert businesses to increase their protection and awareness. Most recently, the Department of Health and Human...more

Data Privacy + Cybersecurity Insider - April 2022 #4

Robinson & Cole LLP on 4/22/2022

CYBERSECURITY - Intelligence Points to Likely Russian Attacks on Critical Infrastructure - The cybersecurity authorities of the United States (including CISA, FBI, NSA and DOE), Australia, Canada, New Zealand, and the...more

An Overview of the Strengthening American Cybersecurity Act

Greenbaum, Rowe, Smith & Davis LLP on 4/1/2022

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

[Event] 16th Annual Flagship Conference on U.S. Economic Sanctions Enforcement and Compliance - May 5th - 6th, Washington, DC

American Conference Institute (ACI) on 3/30/2022

ACI’s Annual Flagship Conference on Economic Sanctions Enforcement and Compliance is widely regarded as the premier conference designed for those working in global sanctions compliance, internal audits and investigations,...more

A Cyber Threat Analysis of the Russia-Ukraine Conflict

Ankura on 3/29/2022

The Ankura Cyber Threat Investigations & Expert Services (CTIX) team conducted a technical analysis of historical and ongoing adversarial activity associated with the current Ukrainian/Russian conflict. In doing so, the CTIX...more

How to Avoid Sanctions Liability Following a Ransomware Attack

The Volkov Law Group on 3/17/2022

Ransomware attacks are on the rise and companies everywhere should be taking action to strengthen their cybersecurity defenses and resiliency to ensure their internal systems are able to withstand cybercrime attacks. ...more

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