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Ransomware

White House Releases Recommendations to Protect Against Potential Cyberattacks

March 22, 2022 By Amy Mushahwar and Kristen Bartolotta

The potential for malicious cyber activity has been a concern for the Biden administration throughout the evolving crisis in Ukraine (including the imposition of sanctions against Russia). In response to the concern, the Biden administration, which is now facing “evolving intelligence that Russia may be exploring options for potential cyberattacks,” has released recommendations for companies […]

Filed Under: Cyber Risk, Cybercrime, Cybersecurity, Data Security, Digital Crimes, Ransomware, Russia, Uncategorized Tagged With: cybersecurity, Cybersecurity Executive Order, Data Protection, ransomware, The White House

Senate Passes Significant Cyber Bill Requiring Cyber Incident Reporting

March 3, 2022 By Kim Peretti and Kristen Bartolotta

The Strengthening American Cybersecurity Act of 2022, a bill that narrowly failed to become law last year, was passed in the Senate on Tuesday, March 1 as a package of cybersecurity measures that would require operators of critical infrastructure and federal civilian agencies to report cyber incidents to the Department of Homeland Security’s Cybersecurity and […]

Filed Under: Cybersecurity, Data Breach, Data Protection, Data Security, Legislation, National Security, Ransomware, Regulation Tagged With: cybersecurity, Data Breach Notification, Data Protection, ransomware, Senate, US Congress

The Cybersecurity Incident Reporting Requirements Fail in the Latest Version of the National Defense Authorization Act

December 9, 2021 By Kim Peretti and Lance Taubin

On December 7, 2021, the House of Representatives passed the National Defense Authorization Act for Fiscal Year 2022 (NDAA), which notably excluded any cybersecurity incident reporting requirements. In September, the House approved a previous version of the bill that included a mandatory breach notification provision that would have required the Department of Homeland Security’s Cybersecurity […]

Filed Under: Cybersecurity, Data Breach, Ransomware, Security Breach

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

Key Takeaways from OFAC’s Updated Ransomware Advisory

September 23, 2021 By Kim Peretti, Kellen Dwyer and Lance Taubin

On September 21, 2021, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued an “Updated Advisory on Potential Sanctions Risks for Facilitating Ransomware Payments.” While this advisory explicitly supersedes OFAC’s previous ransomware advisory from October 2020, it does not fundamentally alter OFAC’s approach towards ransom payments.  Like the prior guidance, OFAC’s […]

Filed Under: Data Breach, Ransomware, Security Breach

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