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Kim Peretti

FBI Develops Decryption Tool to Combat Blackcat Ransomware

January 3, 2024 By Kim Peretti

On December 19, 2023, the Justice Department (“DOJ”) announced a disruption campaign against the Blackcat ransomware group.  In the same press release, they also stated that the Federal Bureau of Investigation (“FBI”) had developed a decryption tool to combat ALPHV/Blackcat’s ransomware variant.  Over the last couple of years, Blackcat’s ransomware has risen in popularity and […]

Filed Under: Cybercrime, Cybersecurity, Ransomware

FCC Plans to Update Data Breach Notification Rules

December 12, 2023 By Kim Peretti and Lance Taubin

After a decade and a half under the current data breach notification rules for telecommunications carriers and telecommunications relay services (TRS) providers, the FCC recently unveiled plans to update and expand them. On November 22, 2023, the FCC issued a Report and Order that it intends to consider at its December 13th meeting that would […]

Filed Under: Data Breach, Regulation, Security Breach Tagged With: Data Breach Notification, Federal Communications Commission (FCC), Regulations

Ransomware Group, in Midst of Extortion Attempt, Files Regulatory Notice with SEC

November 17, 2023 By Kim Peretti, Kate Hanniford, Alysa Austin and Lance Taubin

Just a month before the Security and Exchange Commission’s (“SEC’s”) Material Cybersecurity Incidents Rule is set to take effect, a ransomware group has apparently taken compliance with reporting requirements into its own hands.  On November 15, 2023, the ransomware group known as BlackCat (also known as “AlphV”) posted a notice on its leak site alleging […]

Filed Under: Cybercrime, Cybersecurity, Data Security, Ransomware, SEC, Security Breach

FTC Approves New Data Breach Notification Requirement for Non-Banking Financial Institutions

October 31, 2023 By Kim Peretti, Kate Hanniford, Kathleen Benway and Lance Taubin

  On October 27, 2023, the FTC approved an amendment to the Safeguards Rule (the “Amendment”) requiring that non-banking financial institutions notify the FTC in the event of a defined “Notification Event” where customer information of 500 or more individuals was subject to unauthorized acquisition.  The Amendment becomes effective 180 days after publication in the […]

Filed Under: Cybersecurity, Data Breach, FTC

China Releases Major Changes in its Draft Regulations on Cross-border Data Flows

October 24, 2023 By Kim Peretti, Lance Taubin and Kristen Bartolotta

At the end of September 2023, the Cyberspace Administration of China (CAC) released draft regulations (see the unofficial English translation) regulating the cross-border flow of personal information and important data out of the Peoples Republic of China (PRC). The comment period for these regulations concluded on October 15, 2023, and the regulations may change if […]

Filed Under: China, Data Protection, Transfers

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