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Cybercrime

2025 State Cybersecurity Legislation Focuses on Financial Services

April 18, 2025 By Kim Peretti and Scott Hilsen

Eight years ago, on March 1, 2017, the New York Department of Financial Services enacted its landmark cybersecurity regulation covering financial services companies, 23 NYCRR Part 500, known as “Part 500.”  Part 500 was the first state regulation to enumerate, in great detail, the elements of a cybersecurity program that a covered financial service company […]

Filed Under: Cyber Risk, Cybercrime, Cybersecurity, Data Protection, Data Security, Enforcement, Financial Privacy, Legislation, Regulation

Congressional Research Service Report Sheds Light on October Telecommunications Attack by PRC-Linked Threat Actor

November 7, 2024 By Kim Peretti and Andrew Rice

In early October 2025, several media outlets reported that United States telecommunications services had been infiltrated by state affiliated threat actors linked to the People’s Republic of China (“PRC”). These reports were followed by a joint press release on October 25, 2024 by the Federal Bureau of Investigation (“FBI”) and the Cybersecurity and Infrastructure Security […]

Filed Under: China, Cyber Espionage, Cybercrime, Digital Crimes, National Security Tagged With: China, Cybercrime, Digital Crimes, National Security

Forthcoming UK Cyber Security and Resilience Bill to Boost the UK’s Cyber Defenses

October 18, 2024 By Kelly Hagedorn and Kristen Bartolotta

In the July 2024 King’s Speech, the UK government announced its intention to introduce a Cyber Security and Resilience Bill (the “Bill”) to improve the UK’s cyber defenses and protect essential public services. The announcement comes as companies and countries increasingly face attacks by cyber criminals and state actors, sometimes disrupting public services and infrastructure. […]

Filed Under: Cybercrime, Cybersecurity, Data Security, Legislation Tagged With: Cyber defenses, Cybersecurity, United Kingdom

DOJ Unseals Indictment of Evil Corp Member, While OFAC Announces New Evil Corp Sanctions

October 9, 2024 By Kim Peretti, Kelly Hagedorn and Andrew Rice

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 […]

Filed Under: Cybercrime, Cybersecurity, Digital Crimes, International, Ransomware, Russia Tagged With: Cybercrime, Cybersecurity, Digital Crimes, International, Ransomware, Russia

Ransomware Activity Trends in Q2 2024

September 19, 2024 By Kim Peretti and Alysa Austin

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 […]

Filed Under: Cyber Risk, Cybercrime, Cybersecurity, Ransomware

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