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Search Results for: ransomware

UK’s National Cyber Security Centre Releases 2024 Annual Review

December 30, 2024 By Kelly Hagedorn

The United Kingdom’s National Cyber Security Centre (NCSC) has released its Annual Review for 2024. As in prior years, the report covers the UK’s cyber security position, both in terms of threats to the public and private sectors, as well as the country’s readiness to deal with those threats. Unsurprisingly, the NCSC notes that the […]

Filed Under: Cybersecurity, International Tagged With: Artificial Intelligence, Cybersecurity, Ransomware

NYDFS Issues Guidance on Artificial Intelligence-related Cybersecurity Risks

October 17, 2024 By Kim Peretti, Kate Hanniford, Ashley Miller, Lance Taubin and Colton Jackson

On October 16, 2024, the New York Department of Financial Services (“NYDFS”) issued an industry letter covering Cybersecurity Risks Arising from Artificial Intelligence and Strategies to Combat Related Risks (the “Industry Letter”).  The Industry Letter contains guidance for entities regulated by NYDFS (“Covered Entities”) in assessing and responding to cybersecurity risks related to the use […]

Filed Under: AI, Cybersecurity, NYDFS

DOJ Unseals Indictment of Evil Corp Member, While OFAC Announces New Evil Corp Sanctions

October 9, 2024 By Kim Peretti, Kelly Hagedorn and Andrew Rice

On October 1, 2024, the Department of Justice (“DOJ”) unsealed an indictment against Aleksandr Viktorovich Ryzhenkov (Александр Викторович Рыженков), a member of the ransomware group Evil Corp.  The indictment charges Ryzhenkov with several violations of the Computer Fraud & Abuse Act, as well as conspiring to commit money laundering, arising from his use of a […]

Filed Under: Cybercrime, Cybersecurity, Digital Crimes, International, Ransomware, Russia Tagged With: Cybercrime, Cybersecurity, Digital Crimes, International, Ransomware, Russia

SEC Corporation Finance Provides Additional Guidance on the Disclosure of Material Cybersecurity Incidents in Form 8-K

July 10, 2024 By Seol Namgoong, Sierra Shear, Cara Peterman and Kim Peretti

On June 24, 2024, the Division of Corporation Finance (“Corp Fin”) of the Securities and Exchange Commission (“SEC”) issued five new Compliance and Disclosure Interpretations (“C&DIs”) related to the disclosure of “material” cybersecurity incidents in Item 1.05 of Form 8-Ks. The C&DIs present hypothetical fact patterns related to ransomware attacks and insurance reimbursement for damages […]

Filed Under: Cybersecurity, SEC

SEC Settlement Suggests the Agency’s Attempt to Regulate Cybersecurity Controls

July 2, 2024 By Cara Peterman, Kim Peretti, David Brown, Sierra Shear and Madeleine Juszynski Davidson

On June 18, 2024, the SEC announced a $2.125 million settlement with R.R. Donnelley & Sons Co. (“RRD”) related to the company’s 2021 ransomware attack (the “Incident”). The settlement, and the SEC’s accompanying cease-and-desist order (the “Order”), portend the agency’s continued and increasing oversight over registrants’ cybersecurity policies and practices. Background RRD is a global […]

Filed Under: Advisories, Cybersecurity, Cybersecurity Audit, Enforcement, SEC Tagged With: Cybersecurity, Regulatory Enforcement

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