News & Analysis as of

Hackers Theft

BakerHostetler

Crypto Custody Services Expand; CFTC Enforcement Targets DeFi, SEC Targets NFTs; FinCEN Warns of Crypto Scams; Major Hacks Steal...

BakerHostetler on

Financial Services Firms Expand Cryptocurrency Custody Services - According to recent reports, the cryptocurrency custody arm of a major international bank has launched its institutional cryptocurrency custody services in...more

Kohrman Jackson & Krantz LLP

Ohio Supreme Court Rules Insurance Policy Does Not Cover Ransomware Attack on Software

Ransomware insurance coverage has become increasingly popular in recent years as the threat of ransomware attacks has continued to grow. However, despite the widespread adoption of this type of insurance, there are still...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Crypto theft is another strike against Bitcoin 401(k)

While technology makes it easier for bad actors to steal the retirement assets of plan participants, it’s far easier to steal from 401(k) plans with crypto investments. 401(k) plans that have Bitcoin investments would have a...more

Latham & Watkins LLP

Delaware Court Addresses Claims Arising From Hackers’ Theft of Merger Consideration

Latham & Watkins LLP on

After hackers targeted law firm emails and stole a portion of the merger consideration, the Delaware Court of Chancery found it was “reasonably conceivable” that an M&A buyer could be liable for not ensuring final payment...more

Eversheds Sutherland (US) LLP

Cryptocurrency misappropriation, hacking, theft and fraud on target for banner year

According to one blockchain and cryptocurrency security firm, this year is on pace to be the second highest in cryptocurrency theft, hacking and fraud, with January through May 2020 already seeing $1.36 billion stolen in...more

Robinson+Cole Data Privacy + Security Insider

Maritime industry beware: hacking pirates are targeting valuable cargo

As I have written before, I am a big fan of the sharing of cyber intrusion information so all industries can learn from one another. No industry is immune from cyber-attacks. But this is a new one, and good to know for...more

Parker Poe Adams & Bernstein LLP

Obama Administration Tackles Trade Secret Theft Issue

Earlier this month, the Obama Administration issued its strategic report on mitigating the theft of U.S. trade secrets. A copy of the report is attached. The issuance of this report coincides with the release of a report by...more

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