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Extortion Cyber Attacks

Patterson Belknap Webb & Tyler LLP

Recent Ransomware Attacks Highlight the Evolving Challenges in Responding to Cyber Extortion

A spate of recent ransomware attacks illustrates the increasingly difficult calculations that businesses face following the theft or encryption of their data....more

Guidepost Solutions LLC

Cyber Bullets for Small Law Firms

In our rapidly evolving digital landscape, all organizations are facing an onslaught of cybersecurity threats. According to recent research, victims of cyber attacks paid out a record $1.1 billion last year and have already...more

Kohrman Jackson & Krantz LLP

Sextortion, Deepfakes, and AI Scams: How to Protect Children from Cyberattacks

Cyberattacks are a growing threat, with children being among the most vulnerable of targets. The internet serves as a platform for criminals to access children under the guise of anonymity...more

Dechert LLP

Dechert Cyber Bits - Issue 27

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FBI Seizes Hive Ransomware Servers—Blocks US$130 Million in Demanded Ransoms - On January 26, Attorney General Merrick Garland announced that the Department of Justice dismantled the “Hive” ransomware group, which had...more

BakerHostetler

For Educational Institutions, Post-Ransomware Harassment Requires A+ Messaging

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Educational institutions have not been excluded from the ransomware epidemic, and stakeholder communications are critical to an effective response. In a typical double-extortion ransomware attack, threat actors demand that...more

Wiley Rein LLP

Multi-Faceted Extortion: Insider Look at Ransom Payments and Cyber Defense

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Day 3 at RSA Conference 2022 was filled with fascinating discussions on enhancing our cyber defenses to defeat the ever-proliferating spate of increasingly common and expensive ransomware attacks....more

Fenwick & West LLP

To Pay or Not to Pay: Five Critical Approaches to Beating a Ransomware Threat

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It’s the call you hope you never get. Your company has been hit with a ransomware attack. Your systems are offline. Your customer data was stolen by an unknown threat actor who is threatening to leak it. You have lots of...more

Alston & Bird

US, UK, and Australia Issue Joint Cybersecurity Advisory on Ransomware Threat to Critical Infrastructure

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On February 9, 2022 the United States, United Kingdom, and Australia issued a joint Cybersecurity Advisory on the “Increased Globalized Threat of Ransomware” against critical infrastructure sectors (“Advisory”).  The Advisory...more

Pillsbury - Internet & Social Media Law Blog

The Many-Headed Threat of Ransomware

It may seem that the very term “ransomware” wasted little time going from “newish-sounding threat” to expected, constant presence in the news and IT meetings alike. But, of course, it’s ultimately just a modern word for one...more

Burr & Forman

U.S. and Europe Target Top Ransomware Cartel

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An international law-enforcement effort has led to the arrest of multiple individuals affiliated with the most prolific ransomware cartel operating today. In November, Justice Department officials announced indictments and an...more

Lowenstein Sandler LLP

Ransomware Case Signifies Shift In Cyber Insurers' Stance

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Ransomware attacks are on the rise. Lax security measures, which have become more acute in the work-from-home environment, continue to be exploited. Companies' systems are hacked into, their data is encrypted, and they face...more

Robinson & Cole LLP

Data Privacy + Cybersecurity Insider - August 2021

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CYBERSECURITY - Extortion Doesn’t Work for EA Sports Hackers - According to The Record, Electronic Arts Sports (EA) was the victim of a cyber hacking in June, when hackers posted on an underground hacking forum that they...more

Robinson+Cole Data Privacy + Security Insider

Extortion Doesn’t Work for EA Sports Hackers

According to The Record, Electronic Arts Sports (EA) was the victim of a cyber hacking in June, when hackers posted on an underground hacking forum that they were in possession of EA data seeking a sale price of $28 million....more

Alston & Bird

EU Spotlight: Top 6 Issues All General Counsel Need to Know About Ransomware

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Ransom demands from cyber-attacks show no signs of slowing down, and the costs—both from ransom payments and repairing the damage—are rising precipitously. Our Privacy, Cyber & Data Strategy Team outlines six ways companies...more

Alston & Bird

DOJ Seizure of Ransom Payment Signals More Aggressive Stance by U.S. Government

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Following the creation of the DOJ’s Ransomware and Digital Extortion Task Force in April 2021 and on the heels of the Biden administration’s characterization of ransomware as a national security threat, on June 7, 2021, the...more

Miller Canfield

Cyber-Attacks On The Rise: COVID-19 Scams to Watch Out For

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As the COVID-19 pandemic unfolds, we are witnessing countless stories of courageous men and women rising up to face the challenges and obstacles of this crisis. Unfortunately, crisis also presents opportunity for unscrupulous...more

Robinson & Cole LLP

Data Privacy + Cybersecurity Insider - February 2020 #3

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Natural Gas Compressor Facility Shut Down After Ransomware Attack - The Department of Homeland Security (DHS) announced this week that a ransomware attack shut down a natural gas compressor facility for two days. While in...more

Mitchell, Williams, Selig, Gates & Woodyard,...

Fueling the Fire: How Extortion Has Changed the Face of Data Breaches

Ransomware attackers typically encrypt victims’ data and demand ransom in exchange for the decryption keys. Ransomware is not a new cybercriminal activity. In fact, ransomware attacks are over 30 years old. However, around...more

Robinson & Cole LLP

Data Privacy + Cybersecurity Insider - June 2019

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Vicious malware continues to be deployed by China-based attackers. A new strain of malware, dubbed “HiddenWasp,” which has the ability to remotely infect computers, has been discovered by a security researcher at Intezar. The...more

BCLP

Part 7: Cyber-Extortion

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The cyber-extortion most often discussed in the press is ransomware (i.e., malware that threatens to encrypt files or destroy systems unless a payment is made), other forms of cyber-extortion often raise more strategic issues...more

BCLP

Cyber-Extortion

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Extortion refers to situations where a third party demands that an organization pay money (or take some other action) or suffer an adverse consequences. Modern day extortion often takes the form of “cyber-extortion” – where...more

Robinson+Cole Data Privacy + Security Insider

OCR Warns of Cyber Extortion and Provides Checklist

In its January newsletter, the Office for Civil Rights (OCR) focused on cyber extortion, which it stated has “risen steadily over the past couple of years and continue to be a major source of disruption for many...more

K&L Gates LLP

Winter is Coming: The HBO Hack, Ransomware Attacks, and Cyber Extortion Coverage

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Cyber extortion and ransomware attacks made headlines across the globe this summer, but the cyber attack at HBO stands out due to the size of the ransom demanded ($6 million). The HBO hack highlights the importance of one of...more

K&L Gates LLP

What You Need to Know About Cyber Extortion Insurance Coverage

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Cyber extortion and ransomware attacks made headlines across the globe this summer. In May, the WannaCry virus infected hundreds of thousands of computers worldwide. In June, the NotPetya ransomware attack shut down hundreds...more

K&L Gates LLP

K&L Gates Triage: Cyber Insurance Issues for the Healthcare Industry

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This episode provides an overview of the major cyber security issues affecting the health care industry. Given that health care is one of the most frequently targeted industries by data hackers, this episode outlines the...more

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