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Kim Peretti

Rhode Island’s New Cybersecurity Law for Nonbank Financial Institutions

August 22, 2025 By Kim Peretti, Alysa Austin, Ashley Miller and Lance Taubin

Rhode Island has enacted Senate Bill 603 (SB603), effective July 2, 2025, establishing a comprehensive cybersecurity framework for nonbank financial institutions licensed by the state’s Department of Business Regulation (DBR). Although SB603 is closely modeled after the New York Department of Financial Services’ (NYDFS) Cybersecurity Regulation, 23 NYCRR Part 500 (Part 500), SB603 introduces several […]

Filed Under: Board Governance & Cyber Risk Management

DOJ Settles Cyber Qui Tam Action Against Illumina for Allegedly Unsecured Genomic Sequencing Products

August 15, 2025 By Kim Peretti, Andrew Liebler, Lance Taubin, Samantha Skolnick and Andrew Rice

On July 31, 2025, the United States Department of Justice (DOJ) announced a $9.8 million settlement with Illumina, Inc. (Illumina) to resolve alleged False Claims Act (FCA) violations related to cybersecurity vulnerabilities and shortcomings in its genomic sequencing products. Of the total settlement, $1.9 million will be paid to the qui tam whistleblower who brought […]

Filed Under: Board Governance & Cyber Risk Management, National Security & Digital Crimes

CISA and FBI Joint Update on Scattered Spider: Evolving Threats and Mitigation Guidance

August 11, 2025 By Kim Peretti and Alysa Austin

The Cybersecurity & Infrastructure Security Agency (CISA), Federal Bureau of Investigation (FBI), and international partners issued an updated advisory on July 29, 2025, highlighting the evolving tactics, techniques, and procedures (TPPs) of the cybercriminal group Scattered Spider. First identified in 2023, this group is notorious for targeting large enterprises and their contracted IT help desks, […]

Filed Under: Board Governance & Cyber Risk Management, National Security & Digital Crimes, Ransomware Fusion Center

Microsoft Announces Two New On-Premises SharePoint Vulnerabilities

July 30, 2025 By Jennifer Everett, Kim Peretti and Carson Kuck

  Introduction On July 19, 2025, Microsoft announced two new vulnerabilities that are actively being exploited (CVE-2025-49704 and CVE-2025-49706) and that relate to on-premises Microsoft SharePoint instances that are exposed to the internet. CVE-2025-49704 is a remote code execution (RCE) vulnerability, which allows an attacker to run malicious code on a target system. CVE-2025-49706 is […]

Filed Under: Board Governance & Cyber Risk Management

Inside the SK Telecom Data Breach: What Happened and What Companies Can Learn

July 15, 2025 By Hanna Hewitt and Kim Peretti

In April 2025, SK Telecom—South Korea’s largest mobile carrier—formally notified regulators of a significant data breach that compromised sensitive SIM card data belonging to nearly 27 million users. Following an investigation, the Ministry of Science and ICT and the Korea Internet & Security Agency (KISA) concluded in July 2025 that SK Telecom was negligent in […]

Filed Under: Board Governance & Cyber Risk Management, Crisis & Data Breach Response, Privacy & Cyber Regulatory Enforcement Tagged With: Breach reporting, Cybersecurity, Enforcement, Enforcement Action, International, South Korea

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