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Cybercrime

Secret Service Estimates in Follow-Up Advisory that “Backoff” Malware Affected 1,000 U.S. Businesses

August 25, 2014 By Privacy, Cyber & Data Strategy Team

On Friday, August 22 the Department of Homeland Security (“DHS”) and U.S. Secret Service released an advisory warning that a family of malware known as “Backoff” may have infiltrated the Point of Sale (“PoS”) systems of over 1,000 U.S. businesses. The malware was injected into some systems as far as back as October 2013, and DHS warns […]

Filed Under: Advisories, Cybercrime, Cybersecurity, Data Breach, Data Security, Security Breach

U.S. Treasury Secretary Lew Emphasizes Cyber-Risks for Financial Institutions

July 30, 2014 By Privacy, Cyber & Data Strategy Team

In remarks delivered earlier this month, U.S. Treasury Secretary Jacob Lew highlighted the dangers of “cyber intrusions” to financial institutions. Secretary Lew cited more than 250 cyber attacks against U.S. banks and credit unions since 2011, as well as recent hacks and credit card thefts against major retailers. “Cyber attacks on our financial system represent […]

Filed Under: Cyber Risk, Cybercrime, Cybersecurity, Data Security, Financial Privacy Tagged With: Cybersecurity Executive Order, Senate

International Collaboration Disrupts GameOver Zeus and CryptoLocker

June 4, 2014 By Maki DePalo

On June 2, 2014, in collaboration with the European Cybercrime Centre at Europol, the Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) announced a multi-national effort to disrupt the GameOver Zeus botnet, an extremely sophisticated type of malware designed to steal banking and other credentials from infected computers. The DOJ and the FBI also […]

Filed Under: Cyber Risk, Cybercrime, Cybersecurity, Enforcement, International Tagged With: Department of Justice

Kim Peretti Interviewed in FierceGovernmentIT Q&A Session

May 22, 2014 By Cybersecurity Preparedness & Response Team

Kim Peretti, co-chair of the firm’s Security Incident Management & Response Team and former senior litigator for DOJ’s Computer Crime and Intellectual Property Section, was interviewed in a Q&A session with FierceGovernmentIT titled “China Cyber Espionage Charges Provide ‘Missing Part of the Puzzle.’”   Peretti discussed the significance of the indictment against the individuals in China’s People’s […]

Filed Under: Cybercrime, Data Breach, International Tagged With: Cross-border, Department of Justice (DOJ)

WATCH: Kim Peretti Interviewed by WSJ Live, “Five Chinese Military Accused of Hacking U.S. Firms”

May 19, 2014 By Cybersecurity Preparedness & Response Team

Kim Peretti, co-chair of the firm’s Security Incident Management & Response Team, was interviewed by Wall Street Journal Live on the impact of the U.S. Department of Justice announcing charges against five Chinese military workers, accusing them of hacking several U.S. companies for trade secrets. Attorney General Eric Holder announced Monday, May 19 this first-of-its-kind criminal […]

Filed Under: Cybercrime, Data Breach, International Tagged With: Cross-border, Department of Justice (DOJ)

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