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Recent Exploits of Blockchain Bridges Highlight Need for Cybersecurity in Crypto and Risk of Liability

August 2, 2022 By Kim Peretti and Kristen Bartolotta

According to recent media reports there have been several instances of blockchain bridges being hacked this year, including reports on August 2 that a bridge lost close to $200 million to upwards of 40 hackers who exploited a bug in its protocol, and reports in June that another bridge lost $100 million from hackers allegedly […]

Filed Under: Crypto, Cyber Risk, Cybercrime, Cybersecurity, Digital Crimes, International, Uncategorized Tagged With: blockchain, crypto, cryptocurrency, cybersecurity, Litigation

Germany’s Cyber Threat Landscape – Top 3 Lessons from the BKA Situation Report

August 1, 2022 By Daniel Felz

Germany boasts one of the world’s largest, most sophisticated, and international economies. Companies doing business in Germany are thus an increasingly relevant target for cyberattacks. Germany‘s Federal Criminal Police Office (Bundeskriminalamt or BKA) is the federal law enforcement agency charged with investigating cybercrime, and for coordinating federal-state cooperation in cybercrime matters.  The BKA recently published […]

Filed Under: Cyber Risk, Cybercrime, Cybersecurity, Data Security, Germany, Ransomware, Supply Chain, Uncategorized Tagged With: Cross-border, cybersecurity, Germany, ransomware

New Cybersecurity Rules In India Impose Strict Reporting Requirements and Steep Penalties

July 11, 2022 By Kim Peretti and Kristen Bartolotta

The Indian Computer Emergency Response Team (“CERT-In”) issued Directions on April 28, 2022 “to strengthen the cybersecurity in the country” and that has significant implications for the cybersecurity landscape. Effective June 27, 2022, the Directions, among other requirements, impose a strict 6-hour timeline for notice of a cybersecurity incident and expands the types of cybersecurity […]

Filed Under: Cybersecurity, Data Breach, Digital Crimes, Enforcement, International, Regulation, Uncategorized Tagged With: CERT-In, cybersecurity, Data Breach Notification, India

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

US, UK, and Australia Issue Joint Cybersecurity Advisory on Ransomware Threat to Critical Infrastructure

February 18, 2022 By Kim Peretti, Jon Knight and Kristen Bartolotta

On February 9, 2022 the United States, United Kingdom, and Australia issued a joint Cybersecurity Advisory on the “Increased Globalized Threat of Ransomware” against critical infrastructure sectors (“Advisory”).  The Advisory lists trends in cyber-criminal activity from the last year and also provides mitigation strategies and recommendations to reduce the risk of compromise and the impact […]

Filed Under: Uncategorized

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