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 […]
National Security & Digital Crimes
China’s First Comprehensive Personal Information Protection Law – Key Takeaways
On August 20, 2021, China’s first comprehensive Personal Information Protection Law (“PIPL”) was passed into law. The Cybersecurity Law, the Data Security Law, and the PIPL of China are the three pillars of China’s data protection framework, which govern cybersecurity, data security, and personal information protection respectively. The Cybersecurity Law largely governs cybersecurity requirements for […]
Securities Class Actions Filed Against Three Chinese Tech Titans After Announcement of Cyber-Related Investigations
In early July, investigations by a Chinese cybersecurity regulatory agency, the Cyberspace Administration of China (“CAC”), into at least three China-based technology companies—DiDi Global Inc. (“DiDi”), Full Truck Alliance Co. Ltd. (“FTA”), and Kanzhun Limited (“Kanzhun”)—were purportedly revealed weeks after each conducted a substantial initial public offering (“IPO”) on a United States stock exchange. These […]
U.S. and Allies Formally Accuse China of Microsoft Hack and Cyberespionage
On July 19, 2021, the Biden administration, along with a group of allies publicly accused the Chinese government of malicious cyber activities and irresponsible state behavior. The joint announcement states the U.S. uncovered a wide array of cyberattacks by hackers with a history of working for the China’s Ministry of State Security (MSS). Importantly, the […]
U.S. Government Launches StopRansomware.gov
On July 15, 2021, the DOJ and DHS together with additional federal partners launched StopRansomware.gov, a one-stop hub intended to help the private and public sector mitigate the threat of ransomware. The website includes a range of resources geared towards private organizations, public and private critical infrastructure sectors, K-12 educational institutions, and state, local, tribal, […]