News & Analysis as of

Ransomware Cyber Attacks

Alston & Bird

Ransomware Activity Trends in Q2 2024

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Ransomware attacks are hitting record highs in 2024 and show no sign of slowing down as new criminal groups enter the scene and employ a variety of evolving tactics. This post identifies key highlights of ransomware activity...more

Health Care Compliance Association (HCCA)

Privacy Briefs: September 202

The HHS Centers for Medicare & Medicaid Services (CMS) and Wisconsin Physicians Service Insurance Corporation (WPS) are notifying 946,801 people whose protected health information or other personally identifiable information...more

DLA Piper

Australia: Anti-Scam Measures and Ransomware Reporting on the Agenda

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Cyber regulation is changing in Australia. As governments globally grapple with the everchanging and increasingly challenging cyber landscape, Australia is poised to implement new laws and update existing regulation in order...more

Robinson+Cole Data Privacy + Security Insider

Lehigh Valley Health Network Settle Class Action Case for $65M

Lehigh Valley Health Network (LVHN) has agreed to settle a class action filed against it following a February 2023 ransomware attack that compromised personal information of patients, including medical and treatment...more

Foley & Lardner LLP

Cybersecurity in the Age of Industry 4.0 - Part 1

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As the manufacturing sector continues to embrace the hyper-connected era of Smart Manufacturing, known as Industry 4.0, more and more organizations are integrating advanced automation, artificial intelligence (AI), the...more

Troutman Pepper

SEC Cybersecurity Incidents Disclosures: Materiality, Decryptors, and Ransom Payments - Dear Mary – Incidents + Investigations...

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I work for a public company that recently experienced a ransomware attack. Fortunately, we were able to restore our business operations quickly by obtaining a decryption key from the threat actor. Given that we managed to get...more

Alston & Bird

New Joint CISA – FBI – DC3 Guidance Advises On Ransomware Threats Linked to Iran-Backed Hackers: What Enterprises Need to Know

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A recent joint advisory from the Cybersecurity and Infrastructure Security Agency (CISA), the Federal Bureau of Investigation (FBI) and the Department of Defense Cyber Crime Center (DC3) warns of increased collaboration...more

Robinson+Cole Data Privacy + Security Insider

CISA, FBI + DC3 Alert Warns of Iran-Based Ransomware Attacks

The Cybersecurity & Infrastructure Security Agency (CISA), Federal Bureau of Investigation (FBI), and the Department of Defense Cyber Crime Center (DC3) issued a joint alert on August 28, 2024, warning U.S.-based...more

Robinson+Cole Data Privacy + Security Insider

Industrial Sector Prime Target of Ransomware Attacks in Q2

Dragos issued its Industrial Ransomware Analysis for Q2 on August 14, 2024. The analysis shows that ransomware attacks significantly increased in Q2, with many ransomware groups disrupted by law enforcement rebranding...more

Health Care Compliance Association (HCCA)

Privacy Briefs: August 2024

On July 19, Change Healthcare Ince. filed a breach report with HHS Office for Civil Rights (OCR) concerning its mammoth ransomware attack and breach. The organization’s breach report to OCR identifies just 500 individuals as...more

Akin Gump Strauss Hauer & Feld LLP

Cybersecurity After SolarWinds: Practical Guidance for CISOs Under the New Rules

Judge Engelmayer’s 107-page dismissal of most of the U.S. Securities and Exchange Commission (SEC)’s claims against SolarWinds provides valuable guidance, and some comfort, for public companies and Chief Information Security...more

Latham & Watkins LLP

Recent Developments for Directors - August Edition

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Last month, the SEC announced another enforcement action emphasizing the need for early disclosure of cybersecurity events. In the recent action, the company had taken three weeks to act on internal alerts of malware on its...more

Baker Botts L.L.P.

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

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

BakerHostetler

Deeper Dive: Understanding the 2023-24 Crypto Threat Landscape

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As the Web3 and digital assets ecosystem continues to grow, hacks, scams and other threats remain a major cause for concern and a potential impediment to broader adoption. Data from various sources indicates that after a year...more

Robinson+Cole Data Privacy + Security Insider

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

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

Robinson+Cole Data Privacy + Security Insider

Columbus, Ohio Hit with Ransomware Attack

The city of Columbus, Ohio, announced on May 29, 2024, that it was forced to take its systems offline due to a ransomware attack. According to its notice, the attack was perpetrated by “an established, sophisticated threat...more

Troutman Pepper

Restrictions on Paying a Ransom Demand - Dear Mary – Incidents + Investigations Cybersecurity Advice Column

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“Dear Mary” is Troutman Pepper’s Incidents + Investigations team’s advice column. Here, you will find Mary’s answers to questions about anything and everything cyber-related — data breaches, forensic investigations, how to...more

Dorsey & Whitney LLP

Cybercrime Trends: A Midyear Review

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Cybercriminals continue to outpace the best efforts of regulators, law enforcement, and cybersecurity professionals. Recent reporting from the Federal Bureau of Investigation demonstrates that cybercriminals are increasingly...more

Robinson+Cole Data Privacy + Security Insider

Scattered Spider Using RansomHub and Qilin Ransomware Against Victims

We previously reported on the concerning mash-up of worldwide cybercriminals, known as Scattered Spider, working together to attack victims. New reports from Microsoft and others indicate that in the second quarter of...more

Rivkin Radler LLP

OCR Announces Third Ransomware Settlement as Threats Continue to Rise

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On July 1, the U.S. Department of Health and Human Services’ Office for Civil Rights (OCR) announced that Heritage Valley Health System, a provider in Pennsylvania, Ohio and West Virginia, agreed to pay $950,000 to resolve...more

Patterson Belknap Webb & Tyler LLP

SEC Settlement: Cybersecurity Internal Controls

On June 18, 2024, the Securities and Exchange Commission (“SEC”) announced a $2.1 million civil penalty settlement of charges against R.R. Donnelley & Sons (“RRD”), a global provider of business communications services and...more

Robinson+Cole Data Privacy + Security Insider

CDK Car Dealership Software Breached, Lawsuits Filed

Last month, multiple car dealerships and auto repair shops filed federal lawsuits against CDK Global LLC, a technology company providing software to the automotive, heavy truck, recreation, and heavy equipment industries, as...more

Wiley Rein LLP

How Bad Is It Out There? Our Thoughts on Verizon’s 2024 Data Breach Investigations Report (DBIR)

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Verizon released its Data Breach Investigations Report (DBIR) for 2024, an annual treat that highlights some trends companies should be aware of as they manage their cybersecurity programs and respond to and anticipate new...more

Robinson+Cole Data Privacy + Security Insider

Halcyon Provides Intel on Volcano Demon Ransomware

Security research firm Halcyon recently reported that it “encountered” a new ransomware organization dubbed Volcano Demon several times in the past few weeks....more

Alston & Bird

SEC Corporation Finance Provides Additional Guidance on the Disclosure of Material Cybersecurity Incidents in Form 8-K

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On June 24, 2024, the Division of Corporation Finance (“Corp Fin”) of the Securities and Exchange Commission (“SEC”) issued five new Compliance and Disclosure Interpretations (“C&DIs”) related to the disclosure of “material”...more

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