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FTI Consulting, Inc. (NYSE: FCN) today announced continued investment in the firm’s Cybersecurity practice with the appointment of Todd Renner as a Senior Managing Director. Mr. Renner, who is based in Atlanta, spent the past two decades with the Federal Bureau of Investigation (“FBI”), where he led complex cybersecurity investigations across the globe and established […]
Some have declared that doing business on digital asset trading platforms, whether trading crypto, NFTs or otherwise, is like bartering and haggling in the Wild West. I disagree. To me, given the startling lack of U.S. regulatory oversight, the best way to describe the entire Web3 marketplace is anarchy. Even worse, it’s thieves robbing thieves […]
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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 […]
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 […]
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, 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 […]
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 | […]
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 […]
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, 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 […]
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
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 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 […]
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 […]