On January 24, 2024, the U.K.’s National Cyber Security Centre (NCSC) released a new report, The near-term impact of AI on the cyber threat, detailing how Artificial Intelligence (AI) will impact the effectiveness of cyber operations for 2025 and beyond. According to the report, threat actors are already using AI in cyber attacks and the […]
National Security & Digital Crimes
NYDFS Releases Industry Letter on the Use of Self-Service Password Reset Feature
On January 12, 2024, the New York State Department of Financial Services (“NYDFS”) released a new Industry Letter on the use of self-service password reset (“SSPR”) services, which enable users to reset their own password without the assistance of help desk or IT professionals. The Industry Letter discusses the risks associated with the use of […]
FBI Develops Decryption Tool to Combat Blackcat Ransomware
On December 19, 2023, the Justice Department (“DOJ”) announced a disruption campaign against the Blackcat ransomware group. In the same press release, they also stated that the Federal Bureau of Investigation (“FBI”) had developed a decryption tool to combat ALPHV/Blackcat’s ransomware variant. Over the last couple of years, Blackcat’s ransomware has risen in popularity and […]
Ransomware Group, in Midst of Extortion Attempt, Files Regulatory Notice with SEC
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 […]
China Releases Major Changes in its Draft Regulations on Cross-border Data Flows
At the end of September 2023, the Cyberspace Administration of China (CAC) released draft regulations (see the unofficial English translation) regulating the cross-border flow of personal information and important data out of the Peoples Republic of China (PRC). The comment period for these regulations concluded on October 15, 2023, and the regulations may change if […]