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Cybercrime

President Biden Issues Executive Order Directing Coordinated Federal Approach to Digital Assets

March 9, 2022 By Kim Peretti, Kate Hanniford and Kristen Bartolotta

As a result of the rise in digital assets, President Biden signed an Executive Order on March 9, 2022 ordering a review of the nation’s approach to cryptocurrency. The Executive Order on Ensuring Responsible Development of Digital Assets (the “Order”) contains both broad policy objectives and specific analysis to be conducted by the federal government. […]

Filed Under: Crypto, Cybercrime, Digital Crimes, National Security, Russia, Virtual Currency Tagged With: cryptocurrency, cybersecurity, Cybersecurity Executive Order, digital asset, The White House

Russia Arrests Suspected Members of REvil Ransomware Gang

January 19, 2022 By Kellen Dwyer and Kim Peretti

Russia’s Federal Security Service (“FSB”) issued a press release on January 14, 2022 claiming that it dismantled the REvil ransomware gang by arresting 14 suspected members and seizing computer equipment, luxury vehicles, bitcoin, and fiat currency valued at over $1 million. REvil is a notorious cybercriminal organization that claimed responsibility for a ransomware attack last […]

Filed Under: Cybercrime, Enforcement, International, Russia Tagged With: Cross-border, enforcement, ransomware, Russia

FTC Releases Warning to Companies that Fail to Mitigate Log4j Vulnerability

January 5, 2022 By Jon Knight and Alysa Austin

Less than a month ago, a critical vulnerability was identified in the ubiquitous, open source Log4j tool prompting swift guidance from Cybersecurity and Infrastructure Security Agency (CISA) and other security practitioners.  Now, the Federal Trade Commission (FTC) has warned companies that it “intends to use its full legal authority” against any company that fails to […]

Filed Under: Cyber Risk, Cybercrime, Cybersecurity, Enforcement, FTC Tagged With: cybersecurity, Log4j, vulnerability

CISA Issues Statement on Log4j Critical Vulnerability

December 13, 2021 By Kim Peretti and Jon Knight

Log4j is a java-based tool from Apache’s open source library used for parsing logs that never seems to have made headlines before this past weekend.  Now, following the December 9th public announcement of a vulnerability in this tool, public and private sector security partners are issuing warnings about this “critical vulnerability.”  While the full scope […]

Filed Under: Cyber Risk, Cybercrime, Cybersecurity, Security Breach Tagged With: CISA, cybersecurity, Log4j, vulnerability

Treasury FinCEN Releases Financial Trend Analysis of Ransomware Trends in 2021

October 19, 2021 By Kim Peretti, Brian Frey and Kristen Bartolotta

By Kim Peretti, Brian Frey, and Kristen Bartolotta On October 15, 2021 the Financial Crimes Enforcement Network (FinCen) of the Treasury Department issued a financial trend analysis on ransomware relating to Bank Secrecy Act (BSA) reporting filed in the first half of this year. FinCEN examined ransomware-related Suspicious Activity Reports (SARs) filed between January 1 […]

Filed Under: Crypto, Cyber Risk, Cybercrime, Cybersecurity, Digital Crimes, Enforcement, Ransomware, Virtual Currency

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