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Ransomware Risk Management Cyber Crimes

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

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

Health Care Compliance Association (HCCA)

Privacy Briefs: March 2024

Research from Guidepoint Security found that 2023 saw an 80% increase in ransomware activity year-over-year, driven in part by multiple mass exploitation campaigns impacting hundreds of organizations. In total, the report...more

Alston & Bird

Top 10 Issues General Counsel Need to Know About Ransomware in 2024

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Threat actors are evolving. Our Privacy, Cyber & Data Strategy Team explains how ransomware gangs have changed their tactics and how companies can respond to the threat while navigating new scrutiny from investors and...more

Robinson+Cole Data Privacy + Security Insider

Ransomware Hitting U.S. Companies at Increasing Rate

Unfortunately, according to Unit 42 of Palo Alto’s recently published “Ransomware and Extortion Report,” ransomware groups had a good year in 2022. They found that threat actors are using multi-extortion tactics to get paid...more

Hinckley Allen

The 2023 Cyber Year in Review

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The Most Significant Developments in Cybersecurity and Cyber-Related Liability Risks - As we reflect upon 2023, it will unfortunately be remembered as a record-breaking year for ransomware and cybercrime....more

Robinson+Cole Data Privacy + Security Insider

Resilience Midyear 2023 Claims Report: Ransomware Cybercriminals Shift Tactics

Resilience issued its Midyear 2023 Claims Report, which is well worth the read. In addition to commenting on the impact of the MOVEit incident, some of the key findings include...more

Robinson+Cole Data Privacy + Security Insider

HC3 Warns Healthcare Organizations of NoEscape Ransomware

On October 12, 2023, the Health Sector Cybersecurity Coordination Center (HC3) issued an Alert to the healthcare industry about a “new threat actor and ransomware,” NoEscape, which is threatening health care organizations....more

Robinson+Cole Data Privacy + Security Insider

CISA + FBI Issue Joint Advisory on AvosLocker Ransomware

The Cybersecurity & Infrastructure Security Agency (CISA) and the Federal Bureau of Investigation (FBI) released a Joint Cybersecurity Advisory on October 11, 2023, urging companies (particularly those in the critical...more

BakerHostetler

DSIR Deeper Dive: 2023 Crypto Threat Landscape

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Following one of the most turbulent years in crypto history, 2023, in contrast, unfolded as a year of reprieve, including from crypto threats. According to a July 12, 2023, report from blockchain analytics firm Chainalysis,...more

Health Care Compliance Association (HCCA)

Privacy Briefs: October 2023

Report on Patient Privacy 23, no. 10 (October, 2023) Kaiser Foundation Health Plan Inc. and Kaiser Foundation Hospitals will pay California $49 million to resolve allegations that they unlawfully disposed of hazardous waste,...more

Amundsen Davis LLC

Don’t Gamble With Your Cybersecurity and Incident Response Plan: Lessons Learned from the Las Vegas Ransomware Attacks

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Typically, we beat the drum of the need to prepare for a data incident—anything from a full-blown ransomware attack to an employee accidently sharing data with the wrong person—by having your Incident Response Plan developed...more

Epiq

Move it or Lose it – With Cyber Breach Response, Time is of the Essence

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There are so many factors that go into breach response. Determining the size of the breach, time limitations, legal requirements, notification needs, urgency for containment, and interrupted business operations are just a...more

Robinson+Cole Data Privacy + Security Insider

Joint Advisory Warns of Snatch Ransomware

The FBI and CISA issued a Joint Cybersecurity Advisory “#StopRansomware: Snatch Ransomware” on September 20, 2023. The Advisory outlines the indicators of compromise and observed tactics, techniques, and procedures of Snatch...more

Latham & Watkins LLP

Cyber Security Incidents als Herausforderung für die Rechtsabteilung - wichtigste Punkte, die Unternehmensjuristen über die...

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Hackerangriffe, Datendiebstahl, Ransomware, Datenpannen und sonstige Cybersecurity Incidents werden immer mehr zu einem zentralen Unternehmensrisiko. Dabei wird oft übersehen, dass dieses Thema nicht nur in technischer,...more

BakerHostetler

Deeper Dive into the Data

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Every year, BakerHostetler collects and analyzes various metrics about the incident response matters we handle. In 2022, we handled over 1,160 incidents. The most striking trends we saw across those incidents were an overall...more

Robinson+Cole Data Privacy + Security Insider

FIN7/Carbon Spider Attacks Veeam Backup Servers

Researchers at WithSecure cybersecurity firm have seen two malware attacks against Veeam Backup and Replication servers believed to be initiated by cybercrime group FIN7, also known as Carbon Spider, which has also been...more

Pillsbury - Policyholder Pulse blog

The Dangers of Dialogue: Ransomware Attackers Want to See Your Cyber Insurance Policy

Amidst the recent surge in ransomware attacks on U.S. businesses—with crypto criminals and sometimes State actors invading and encrypting computer and operating systems and extorting funds in exchange for the decryption...more

Burr & Forman

Hacking the Hive: How It Can Help Businesses

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Businesses can breathe a little easier now that one of the world’s top five ransomware networks, the Hive, has been infiltrated and disbanded by the FBI....more

Tenace

Why Cybersecurity Investment Isn’t Optional For Small Businesses

Tenace on

In 2022, the average cost of cybercrime has reached $4.35 million per organization, and the number of data breaches has climbed by 14%. But despite the rising frequency and impact of cyberattacks, many businesses still do not...more

Robinson+Cole Data Privacy + Security Insider

Hackers Experimenting with Deploying Destructive Malware

It’s a cold, hard fact that hackers don’t really care about their victims or their victims’ data or business. They are greedy, evil human beings that just want the money....more

Bradley Arant Boult Cummings LLP

Cybersecurity Basics Are Key to Combating Ransomware

The onslaught of ransomware attacks by cybercriminals increases unabated every year, affecting everyone from mom and pop shops on Main Street to corporate lions of Wall Street. Hackers infiltrate an organization's computer...more

Robinson+Cole Data Privacy + Security Insider

U.S. Agricultural Machinery Manufacturer Hit with Ransomware Attack

This week, AGCO, a U.S. agricultural machinery manufacturer, suffered a ransomware attack that affected its business operations and shut down its systems. AGCO, headquartered in Duluth, Georgia, designs, produces, and...more

BakerHostetler

Forensics Deep Dive: The Importance of Proper Configuration and Monitoring

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Many of the trends we observed in 2020 continued in 2021. Network intrusions and ransomware continued in full force, representing more than half the incidents we handled last year. Threat actors continued their tried-and-true...more

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