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Cyber Insurers’ Increased Risk Threatens Many Small Firms’ Coverage | Law.com
As cyberattacks grow, cyber insurance is increasingly becoming a cost of doing business at law firms. But securing that cyber insurance is also becoming more difficult. Small law firms are facing insurance carriers that are placing a heavier emphasis on proactive cybersecurity measures, dropping clients, and even exiting the cyber insurance space when the risk […]
FBI wants input on cyber reporting legislation — Defense Systems
The FBI is looking to make sure it has a place in incident disclosure legislation currently being considered by Congress. A Senate bill that is expected to be attached to must-pass defense legislation puts the Cybersecurity and Infrastructure Security Agency (CISA) front and center when it comes to reporting requirements. Bryan Vorndran, assistant director of […]
Justice Dept. Brings New Charges in Ransomware Attacks – The New York Times
The Justice Department said on Monday that it had brought charges against a Russian national whom it accused of conducting ransomware attacks against American government entities and businesses, including one that temporarily shut down the meat supply giant JBS. In the Biden administration’s latest crackdown on cybercrime, the Justice Department also announced that it had […]
Dentons continues rapid expansion of US Venture Technology Group with addition of Allison Bender in Washington, DC
Dentons, the world’s largest law firm, announces today the continued strategic growth of its Venture Technology and Emerging Growth Companies practice with the addition of Allison J. Bender as partner, resident in the Washington, DC, office. Bender was previously with Wilson Sonsini Goodrich & Rosati. Source: Dentons – Dentons continues rapid expansion of US Venture […]
Cyberattacks spurring demand for cyber insurance: Moody’s | CFO Dive
Demand for cyber insurance has surged as companies respond to high-profile cyber attacks, increased regulatory scrutiny, mounting reputational risk and the need for protection against vulnerabilities among supply-chain counterparties, according to Moody’s Investors Service. “Cyber insurance has become an important component of companies’ risk management programs.” Source: Cyberattacks spurring demand for cyber insurance: Moody’s | […]
Why Not Hold Ransomware Attackers Hostage for a Change? – Security Boulevard
But what happens in the case where you are able to identify—either by name, location, computer, IP address, MAC address or otherwise—the individual(s) responsible for the ransomware, extortionware or electronic demand for payment? Right now, a ransomware victim has few options. One: Pay the ransom. Two: Don’t pay the ransom and restore/rebuild. Or, three: Choose […]
Data Security and Privacy Must Play a Part in M&A Due Diligence – Beckage
Things have changed. Gartner reported that by 2022 sixty percent of organizations will consider a target company’s cybersecurity posture as a critical factor in their due diligence process. Acquiring companies have made DSP due diligence a priority because they understand the costly risks of inheriting a target company’s DSP liabilities. Target companies must proactively address […]
Congress Inches Toward Response to Ransomware Attacks – WSJ
CONGRESS, FEDS MAKE MOVES ON RANSOMWARE ATTACKS, but a clear fix for the expensive cybercrime epidemic is far from clear. The Senate Homeland Security Committee took a step forward on Wednesday, advancing a bill that would require hospitals and oil and natural-gas pipeline companies, among other critical infrastructure operators, to report cyberattacks and ransom payments […]
Young to Head MMM Privacy & Cybersecurity Practice
Michael Young has joined Morris, Manning & Martin, LLP to chair the firm’s Privacy & Cybersecurity Practice. Young joins as a partner. Source: Young to Head MMM Privacy & Cybersecurity Practice
Cyber and Privacy Disputes Partner to Join Latham & Watkins in London
Latham & Watkins is pleased to announce that James Lloyd will join the London office as a partner in the Litigation & Trial Department and member of the Complex Commercial Litigation Practice. Lloyd’s practice focuses on advising domestic and international companies on a variety of complex, cross-border cyber security and data privacy matters, including cyberattacks, […]
FTI Consulting hires cybersecurity expert Matt Chevraux
FTI Consulting has hired Matt Chevraux, a senior cybersecurity expert and law enforcement veteran, as a managing director in the firm’s cybersecurity practice in Washington, DC. Chevraux joins FTI from the US Secret Service, where he spent more than 22 years and specialized in cybersecurity readiness, incident response, and investigations. Source: FTI Consulting hires cybersecurity […]
FBI Warning: Ransomware Attackers Don’t Take Holidays – Technology – United States
Three major attacks in 2021 were conducted over holiday weekends: Mother’s Day weekend saw the Colonial Pipeline ransomware attack; over Memorial Day weekend, hackers attacked the JBS SA meatpacking operations in the U.S., Canada, and Australia; and in the weekend leading up to the July 4th holiday, software vendor Kaseya suffered a massive attack that […]
U.S. Government Launches First One-Stop Ransomware Resource at StopRansomware.gov | Department of Justice
Today, as part of the ongoing response, agencies across the U.S. government announced new resources and initiatives to protect American businesses and communities from ransomware attacks. The U.S. Department of Justice (DOJ) and the U.S. Department of Homeland Security (DHS), together with federal partners, have launched a new website to combat the threat of ransomware. StopRansomware.gov establishes […]
IDC Survey Finds More Than One Third of Organizations Worldwide Have Experienced a Ransomware Attack or Breach | Business Wire
A new International Data Corporation (IDC) survey found that more than one third of organizations worldwide have experienced a ransomware attack or breach that blocked access to systems or data in the previous 12 months. And for those that fell victim to ransomware, it is not uncommon to have experienced multiple ransomware events. Source: IDC […]