News & Analysis as of

Extortion Federal Bureau of Investigation

Robinson+Cole Data Privacy + Security Insider

Members of International Sextortion Ring Charged for Stealing $2M From Victims

According to the FBI, it has “seen a huge increase in the number of cases involving children and teens being threatened and coerced into sending explicit images online,” also known as sextortion....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

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

Fenwick & West LLP on

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

Morrison & Foerster LLP

Department of Justice Signals Its Growing Focus on Cryptocurrency Enforcement

On February 17, 2022, Deputy Attorney General (DAG) Lisa Monaco announced a significant step in advancing its cryptocurrency-related enforcement priorities by naming the first leader of the National Cryptocurrency Enforcement...more

Morrison & Foerster LLP

OFAC Issues New Ransomware Guidance And First Sanctions Designation Against Virtual Currency Exchange

In the Biden Administration’s latest effort to respond to the growing threat of ransomware attacks, on September 21, 2021, the U.S. Department of the Treasury (“Treasury”) announced new sanctions and ransomware guidance in an...more

Alston & Bird

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

Alston & Bird on

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

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

Polsinelli

BitBlog Weekly Summary

Polsinelli on

This summary covers the last two weeks which includes news about continued enforcement actions by the U.S. Securities and Exchange Commission (“SEC”) involving fraudulent digital asset transactions, dismissal of a securities...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

Robinson+Cole Data Privacy + Security Insider

Privacy Tip #193 – FBI Issues Warning to Parents about Sextortion

Summer vacation is almost here for school-age children, which means that kids will have more free time to roam the Internet. Unfortunately, according to the FBI, this means that the threat of online predators is high and the...more

Robinson+Cole Data Privacy + Security Insider

FBI’s cyber most wanted: Spotlight on Firas Dardar and Ahmed Agha

New additions to the FBI’s Cyber’s Most Wanted List show “the line between ordinary criminal hackers and potential national security threats is increasingly blurry,” according to Assistant Attorney General for National...more

Robinson+Cole Data Privacy + Security Insider

Cyber prosecutions update

The feds have been busy on the cyber prosecutions front. First, on March 18, 2016, the FBI announced that a multi-agency collaborative effort blew up an identity theft ring whose leader was an inmate in a Georgia prison. The...more

Williams Mullen

Structuring Trips Up Speaker Hastert

Williams Mullen on

Former Speaker of the United States House of Representatives Dennis Hastert entered the well of a courtroom in the Northern District of Illinois earlier this week to enter a plea of not guilty to charges that he structured...more

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