Just a month before the Security and Exchange Commission’s (“SEC’s”) Material Cybersecurity Incidents Rule is set to take effect, a ransomware group has apparently taken compliance with reporting requirements into its own hands. On November 15, 2023, the ransomware group known as BlackCat (also known as “AlphV”) posted a notice on its leak site alleging […]
Cybercrime
FBI Cautions Organizations on Dual Ransomware Attacks
The Federal Bureau of Investigation (FBI) issued a Private Industry Notification on September 27, 2023, highlighting two concerning ransomware trends and providing companies with guidance on mitigating potential threat actor activity. As of July 2023, the FBI observed multiple ransomware attacks where two attacks against the same victim involving different ransomware variants are deployed often […]
New York Continues to Focus on Companies’ Data Security Practices
New York Attorney General Letitia James recently announced two agreements related to data breaches with entities that operate in the education industry. In both instances the entities paid the ransom and received evidence of deletion of the stolen data. Most recently, on October 5, 2023 the Office of the Attorney General (OAG) announced a $49.5 […]
CL0P Ransomware Gang’s Exploitation of MOVEit Vulnerability: What It Means for Companies
On June 7, 2023, the Federal Bureau of Investigation (FBI) and the Cybersecurity and Infrastructure Security Agency (CISA) released a Joint Cybersecurity Advisory in connection with a recent zero-day (or previously undetected) vulnerability in Progress Software’s managed file transfer software (MOVEit Transfer), exploited by the CL0P ransomware group. CL0P publicly claimed responsibility for exploiting the […]
UK’s National Cyber Security Centre Releases 2022 Annual Review
The United Kingdom’s National Cyber Security Centre (NCSC) recently released its 2022 Annual Review, which reports on the state of cyber security threats in the country. As the UK’s technical authority for cyber security, the NCSC releases an annual report covering the cyber threats from the prior 12 months as well as analysis of potential […]