On October 16, 2024, the New York Department of Financial Services (“NYDFS”) issued an industry letter covering Cybersecurity Risks Arising from Artificial Intelligence and Strategies to Combat Related Risks (the “Industry Letter”). The Industry Letter contains guidance for entities regulated by NYDFS (“Covered Entities”) in assessing and responding to cybersecurity risks related to the use […]
DOJ Unseals Indictment of Evil Corp Member, While OFAC Announces New Evil Corp Sanctions
On October 1, 2024, the Department of Justice (“DOJ”) unsealed an indictment against Aleksandr Viktorovich Ryzhenkov (Александр Викторович Рыженков), a member of the ransomware group Evil Corp. The indictment charges Ryzhenkov with several violations of the Computer Fraud & Abuse Act, as well as conspiring to commit money laundering, arising from his use of a […]
NIST Releases Updated Draft Guidelines regarding AI Use in Identity Systems
On August 21, 2024, the National Institution of Standards and Technology (“NIST”) released the second draft of its Digital Identity Guidelines, which provides federal agencies with a framework for identity proofing and authentication of external employees, government contractors, and individuals accessing government information systems and services. Building on the first draft of the guidance, the […]
Ransomware Activity Trends in Q2 2024
Ransomware attacks are hitting record highs in 2024 and show no sign of slowing down as new criminal groups enter the scene and employ a variety of evolving tactics. This post identifies key highlights of ransomware activity in 2024 so far. Multiple recent security reports have reported a significant increase in ransomware attacks claimed by […]
New Joint CISA – FBI – DC3 Guidance Advises On Ransomware Threats Linked to Iran-Backed Hackers: What Enterprises Need to Know
A recent joint advisory from the Cybersecurity and Infrastructure Security Agency (CISA), the Federal Bureau of Investigation (FBI) and the Department of Defense Cyber Crime Center (DC3) warns of increased collaboration between Pioneer Kitten, an Iranian state-backed threat actor, and various ransomware groups. The advisory highlights how Iranian threat actors are leveraging relationships with affiliates […]