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By Securities Docket on April 12, 2021, 8:21 am
Being coerced into paying a large ransomware demand is bad enough. Having to pay a large civil penalty on top of that for transacting with a federally sanctioned cybercriminal group is even worse. Looking to avoid such fines, incident response (IR) experts are advocating for improvements to ransomware response protocols, including additional oversight and demonstrable […]
By Securities Docket on April 9, 2021, 6:21 pm
Announcing Cybersecurity Docket’s Incident Response 40 for 2021!
By Securities Docket on April 4, 2021, 8:25 am
The University of California is warning its students and staff that a ransomware group might have stolen and published their personal data and that of hundreds of other schools, government agencies and companies nationwide. A cybersecurity attack targeted a vulnerability in Accellion, a third-party vendor that is used to securely transfer files, the university said […]
By Securities Docket on March 24, 2021, 3:21 pm
The Treasury Department’s Office of Foreign Asset Control continues to focus enforcement activities on digital currency companies. This focus is likely to increase given recent comments by Janet Yellen, the head of the Treasury department, criticizing digital currencies and the utility of this rapidly growing new technology. Last year, OFAC announced an enforcement action against […]
By Securities Docket on March 22, 2021, 12:23 pm
The notorious REvil ransomware gang has reportedly attacked Taiwanese PC vendor Acer, demanding a $50 million ransom of cryptocurrency Monero to decrypt its computers. Working with a malware intelligence analyst from Malwarebytes, cyber-intelligence news site The Record, was able to track down a portal operated by the REvil gang that clearly spells the ransom, which […]
By Securities Docket on March 10, 2021, 8:15 pm
Please join Luke Tenery, Scott Boylan and Evan Wolff of this free webcast.
By Securities Docket on March 9, 2021, 10:38 am
The University of Southern California’s (USC) Gould School of Law’s online Master of Studies in Law (MSL) program is tailored for professionals in a range of industries who are not attorneys, but who want to expand their expertise with essential legal skills and education. There are courses that span legalities of entertainment, health care, human […]
By Securities Docket on February 22, 2021, 12:11 pm
The BitPay settlement shows that OFAC expects that companies providing digital currency services understand the sanctions risks associated with their activities and take steps necessary to mitigate those risks. In other words, the OFAC compliance obligations for digital payment service providers, such as BitPay, are no different than those of any other financial service provider. […]
By Securities Docket on February 17, 2021, 8:54 am
“We have over 100 gigabytes of data,” the hacker wrote in response to an email from the Journal. The hacker, in the Journal’s correspondence, said it first reached out to Jones Day management on Feb. 3 and informed the firm that its network had been hacked and that data had been stolen. As of Tuesday, […]
By Securities Docket on February 16, 2021, 11:51 am
Cybersecurity Docket welcomes your nominations for our ‘IR 30’ for 2021 — the 30 best Incident Response legal and compliance professionals in the industry.
By Securities Docket on January 27, 2021, 1:57 pm
This article suggests that by following the ransomware due diligence checklist set forth below, a ransomware victim who opts to pay the ransom can in the least mitigate the chances of a U.S. civil enforcement action or criminal prosecution, and perhaps even avoid U.S. government scrutiny altogether. Source: (26) A Ransomware OFAC Due Diligence Checklist | LinkedIn
By Securities Docket on January 25, 2021, 9:51 am
“In the last year, experts are saying this is close to getting out of control,” said Martin. “You have to look seriously about changing the law on insurance and banning these payments, or at the very least, having a major consultation with the industry”. Source: Former UK Cybersecurity Chief Says Laws Needed to Stop Ransomware […]
By Securities Docket on January 11, 2021, 12:36 pm
Incident Response Forum Ransomware 2021 panelists offer their “One Big Thing” to take away from this year’s event.
By Securities Docket on January 8, 2021, 10:03 am
Booz Allen Hamilton (NYSE: BAH) announced today that it had made a strategic investment in Tracepoint, a rapidly growing digital forensics and incident response company serving leading clients in the public and private sectors. The company, co-founded by Baton Rouge-based Plexos Group and several industry experts, specializes in supporting cyber insurance carriers, lawyers, brokers, and […]
By Securities Docket on January 4, 2021, 11:12 am
But the situation is not as hopeless as it seems. Crucial to any successful ransomware scheme is collecting the ransom in pseudo-anonymous cryptocurrency, typically bitcoin. Stop the flow of bitcoin and ransomware attackers will have no means to anonymously, conveniently, expeditiously and securely collect their extortion demand. But how?The answer is simple. By using the effective and novel […]