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Join the Cybersecurity and Incident Response Group on LinkedInRansomware Payments Doubled While Downtime Grew in Q4 – Infosecurity Magazine
The average ransomware payment more than doubled quarter-on-quarter in the final three months of 2019, while average downtime grew by several days, according to the latest figures from Coveware. The security vendor analyzed anonymized data from cases handled by its incident response team and partners to compile its Q4 Ransomware Marketplace report. It revealed that […]
Duff & Phelps Reunites With Former Owners Through $4.2 Billion Deal – WSJ
Duff & Phelps has been for years using acquisitions to expand into new regions and services. For example, Duff & Phelps’s acquisition of Kroll Inc. in 2018 greatly strengthened the firm’s business intelligence and investigations group as well as its cybersecurity services. “We weren’t purely in those businesses before,” Mr. Gottdiener said. “Now we firmly […]
Avi Gesser Joins Debevoise as Partner in the Cybersecurity and White Collar Groups | Debevoise & Plimpton LLP
Debevoise & Plimpton LLP announced today that Avi Gesser has joined the firm’s New York office as a partner in the Cybersecurity & Data Privacy Group and the White Collar & Regulatory Defense Group. via Avi Gesser Joins Debevoise as Partner in the Cybersecurity and White Collar Groups | Debevoise & Plimpton LLP.
Glenn Greenwald Charged With Cybercrimes in Brazil – The New York Times
Federal prosecutors in Brazil on Tuesday charged the American journalist Glenn Greenwald with cybercrimes for his role in bringing to light cellphone messages that have embarrassed prosecutors and tarnished the image of an anticorruption task force. In a criminal complaint made public on Tuesday, prosecutors in the capital, Brasília, accused Mr. Greenwald of being part […]
GDPR: 160,000 data breaches reported already, so expect the big fines to follow | ZDNet
Over 160,000 data-breach notifications have been made to authorities in the 18 months since Europe’s new digital privacy regulation came into force, and the number of breaches and other security incidents being reported is on the rise. Analysis by law firm DLA Piper found that after the General Data Protection Regulation (GDPR) came into force on 25 […]
Addressing “Silent Cyber” and the Risk of Coverage Gaps | The D&O Diary
One of the hot topics for mainstream P&C insurers these days is dealing with “silent cyber” – that is, the coverage for cyber-related losses in traditional property and casualty insurance policies. There are a number of initiatives underway in the insurance underwriting community as insurers try to address silent cyber. However, as noted in an […]
US Could Appoint a Cybersecurity Leader for Each State – Infosecurity Magazine
The USA is considering legislation that would protect local governments by requiring the appointment of a cybersecurity leader for each state. Backers of the Cybersecurity State Coordinator Act of 2020 say the proposed law will improve intelligence sharing between state and federal governments and speed up incident response times in the event of a cyber-attack. Under the […]
WeLeakInfo.com Domain Name Seized | USAO-DC | Department of Justice
Today, the Federal Bureau of Investigation and the U.S. Department of Justice announced that they have seized the internet domain name weleakinfo.com. The announcement was made by U.S. Attorney Jessie K. Liu of the District of Columbia and Special Agent in Charge Timothy M. Dunham of the FBI’s Washington Field Office. The website had claimed […]
Cyber Incidents Ranked as No. 1 Business Risk – CFO
Cyber incidents are now the No. 1 business risk facing corporations, moving to the top of insurer Allianz’s annual list, which also showed climate change reaching its highest ranking. According to the Allianz Risk Barometer for 2020, 39% of respondents to its ninth annual survey of risk experts identified cyber incidents as their main concern, […]
Equifax to Pay $380.5 Million to Settle Data Breach Class Claims
Equifax Inc. will pay $380.5 million to resolve allegations stemming from a 2017 data breach under an agreement approved by the Northern District of Georgia. The settlement class consists of approximately 147 million U.S. consumers identified by Equifax whose personal information was compromised as a result of the cyberattack and data breach the company announced […]
The Era of Cyber-Carjacking Is Upon Us, Experts Warn
No, you’re not talking crazy. The threat of regular people having their vehicles carjacked by cyberattackers is real. Fact is, computer hackers on the other side of the world potentially could — while you’re driving — crash your navigation system, cut your brakes, disrupt your steering or remotely take control of the entire vehicle. Hackers […]
Hackers Cripple Airport Currency Exchanges, Seeking $6 Million Ransom – The New York Times
The numbers that usually glow with exchange rates on Travelex boards in airports worldwide have gone dark, after the London-based currency exchange company was forced to go offline after it discovered a ransomware attack on Dec. 31. The disruption has also affected banks like Barclays, Royal Bank of Scotland and HSBC, which have been unable […]
Nevada Passes Privacy Law – Lewis Brisbois Bisgaard & Smith LLP
While much has been made of the California Consumer Privacy Act (CCPA), which took effect on January 1, 2020, new security laws in other states – like Nevada – have been almost entirely ignored. However, since October 1, 2019, Nevada’s Senate Bill 220 (SB 220) has required organizations with websites that collect and maintain data […]
Leaked Barneys email says paychecks missed due to ‘cyber incident’ – Business Insider
After months of uncertainty among Barneys employees in the wake of the company’s bankruptcy and subsequent acquisition by Authentic Brands Group, staffers woke up on Friday morning to discover they had not been paid. The delayed paychecks were the result of a “cyber incident,” according to a company-wide email that was sent by Barneys’ corporate […]
Colorado Town Loses More Than $1 Million to a BEC Scam
According to the Denver Post, the town of Erie, Colorado, sent $1.01 million to malicious actors as a result of a BEC scam. The attack began back in mid-October when an unknown individual completed an electronic form on the town’s website. They used the form to request that SEMA Construction, Inc., a local construction company, […]