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Alysa Austin

FTC Releases Warning to Companies that Fail to Mitigate Log4j Vulnerability

January 5, 2022 By Jon Knight and Alysa Austin

Less than a month ago, a critical vulnerability was identified in the ubiquitous, open source Log4j tool prompting swift guidance from Cybersecurity and Infrastructure Security Agency (CISA) and other security practitioners.  Now, the Federal Trade Commission (FTC) has warned companies that it “intends to use its full legal authority” against any company that fails to […]

Filed Under: Cyber Risk, Cybercrime, Cybersecurity, Enforcement, FTC Tagged With: cybersecurity, Log4j, vulnerability

FBI Releases IC3 2020 Internet Crime Report Showing Record Increase in Cybercrime

April 28, 2021 By Alysa Austin

The FBI’s Internet Crime Complaint Center (“IC3”) recently released its annual report, the 2020 Internet Crime Report (“Report”), which gathers statistics from nearly 800,000 complaints of suspected cybercrimes that the department received in 2020. This is a record number of complaints—a 69% increase from 2019—with reported losses exceeding $4.2 billion. According to the FBI, the […]

Filed Under: Cyber Risk, Cybercrime, Cybersecurity, Digital Crimes, Security Breach

2021 Developments in State Cybersecurity Safe Harbor Laws

April 20, 2021 By Alysa Austin

Only four months in and 2021 has already been a big year for state cybersecurity safe harbor legislation.  Two states, Utah and Connecticut, have recently enacted or introduced a breach litigation safe harbor to incentivize businesses to protect personal information by adopting industry-recognized cybersecurity frameworks such as the National Institute of Standards and Technology’s (NIST) […]

Filed Under: Cybersecurity, Data Breach Litigation, Data Protection, Data Security

State Financial Regulators Issue Ransomware Mitigation Tool

October 16, 2020 By Kim Peretti, Amy Mushahwar and Alysa Austin

On October 13, 2020, state financial regulators in partnership with the Bankers Electronic Crimes Taskforce and the U.S. Secret Service, released the Ransomware Self-Assessment Tool (R-SAT) to help financial institutions mitigate the risks of ransomware.  The R-SAT is a detailed questionnaire designed to evaluate the effectiveness of an institution’s general security controls as well as […]

Filed Under: Cyber Risk, Cybercrime, Cybersecurity, Data Breach, Data Protection, Data Security, Digital Crimes, Enforcement, Financial Privacy, Privacy

FinCEN Alerts Financial Institutions on Role in Facilitating Ransomware Attacks

October 2, 2020 By Alysa Austin and Privacy, Cyber & Data Strategy Team

With an increase in the frequency, sophistication, and cost of ransomware attacks, the Financial Crimes Enforcement Network (FinCEN) issued an advisory on October 1, 2020 alerting financial institutions to ransomware trends and typologies, and related financial red flags, that may result in a regulatory obligation to report and share information related to ransomware attacks. Based […]

Filed Under: Advisories, Cyber Risk, Cybercrime, Cybersecurity, Data Protection, Data Security, Digital Crimes, Enforcement, Financial Privacy, Privacy Tagged With: ransomware

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Recent Posts

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