A Less is More Strategy for Data Risk Mitigation
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The hospitality industry is a prime target for cyber criminals, due in part to the high volume of sensitive guest data, including financial information, that companies maintain. Almost one-third of hospitality organizations...more
The International Committee of the Red Cross (ICRC) has taken a new step to regulate the activities of civilian hackers in conflict zones. To address the rise in the involvement of civilian hackers in inter-state conflicts,...more
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
Over the last several years several companies, including Marriott, Yahoo and Volkswagen, have been victimized by hackers breaking into a company’s computer network. In some cases, they have put confidential information on the...more
Introduction - The cybersecurity threat landscape continues to evolve and present new challenges pertaining to the protection of electronically stored information. Innovative “hacking” tactics constantly emerge and...more
On October 24, 2022, the Federal Trade Commission (FTC) announced a proposed consent order against Drizly and its CEO, James Cory Rellas, over the online alcohol marketplace company’s data breach incident in 2020, which...more
Report on Medicare Compliance 31 no. 18 (May 16, 2022) - In a version of the future that hopefully never comes, malware is able to remove malignant-looking tumors from CT or MRI scans before they were reviewed by...more
According to The Identity Theft Research Center (ITRC), data breaches in 2021 surpassed the previous record year of 2020 by 17 percent. The incidents ranged from the theft of cryptocurrency (Livecoin went out of business...more
Executive teams in the U.S. live in fear of a successful ransomware attack, and who can blame them? Attacks are both prevalent and evolving. Many attackers have shifted from encrypting data and locking up systems to also (or...more
A myopic focus on protecting EMR (Electronic Medical Records) systems has left healthcare organizations open to shadow information risk. In a world where hackers and ransomware criminals are regularly compromising healthcare...more
In part 2 of this series, we continue to discuss the tools that cybersecurity teams use to combat ransomware attacks. Ransomware is a type of malware used by criminal organizations to gain unlawful access to computer...more
Ransomware is a type of malware used by criminal organizations to gain unlawful access to computer networks and encrypt the data stored on those networks and render it unusable. The criminal organization then holds the data...more
Recent ransomware attacks against U.S. critical infrastructure, which includes the energy sector’s production of oil and natural gas, and other sources of electricity and power, have shed a spotlight on the importance of...more
BakerHostetler is closely monitoring a Cybersecurity Advisory issued jointly by several government agencies including the United States Department of Health and Human Services (HHS) and the FBI, on October 28. ...more
We are all facing new challenges in this pandemic, including the shift to and growth of remote-work. Meanwhile, we also have to contend with the increased volume of attempted cyberattacks. Despite the distraction of the...more
The Cybersecurity and Infrastructure Security Agency (CISA) teamed up with the Federal Bureau of Investigation (FBI) to issue a joint warning of cyber-attacks emanating from Iran and targeting U.S. federal agencies and...more
While businesses and their employees continue to operate in the “new frontier” of working-from-home during the COVID-19 pandemic and the gradual reopening of the economy, a serious risk continues to present itself: the threat...more
McDermott Will & Emery, in partnership with Alvarez & Marsal is hosting a tailored webinar, discussing the cyber security threats and mitigations facing private equity firms in response to the COVID-19 pandemic. One of the...more
With the COVID-19 related increase in remote work, anxious employees are being increasingly targeted by cyber criminals and hackers with phishing scams, business e-mail compromise schemes, and malicious ransomware. At the...more
Sodinokibi Hackers Switch Payment Mechanism to Monero - The hackers behind the Sodinokibi/REvil ransomware have reportedly switched their demands for payment from Bitcoin or Ethereum to Monero cryptocurrency to try to...more
Ransomware Attacks Predicted to Occur Every 11 Seconds in 2021 with a Cost of $20 Billion - Confirming what we are seeing in the field, cybersecurity firm Cybersecurity Ventures has predicted that, globally, businesses in...more
More and more companies are experiencing crippling data breaches. The statistics make for depressing reading. According to IBM Security’s Cost of a Data Breach Report 2019, the average cost of a data breach is $3.9 million...more
The Federal Bureau of Investigation (FBI) is warning of a heightened likelihood of Iranian cyber-attacks following the escalation of tension between the U.S. and Iran. This follows the warning last week by the Department of...more
Department of Homeland Security Warns of Cyber-Attacks by Iran - The Department of Homeland Security (DHS) issued a grave warning to U.S. businesses and critical infrastructure operators on January 6, 2020, alerting the...more
After the killing of Qassem Soleimani on January 3, 2020, by the U.S. government, the cybersecurity news industry has been abuzz about whether Iran will engage in cyber terrorism, and if so, to what degree, as part of its...more