On July 10, the SEC’s Office of Compliance Inspections and Examinations (OCIE) issued a Risk Alert noting the increasing sophistication of ransomware attacks on SEC registrants and service providers to SEC registrants. The Risk Alert is notable for its encouragement of financial services market participants more broadly and not just SEC registrants to monitor CISA […]
Search Results for: ransomware
Outbreak of “WannaCry” and “Wanna Decryptor” Ransomware Affects Companies Across the Globe
On Friday, May 12, companies in countries across the globe witnessed an unprecedented malware outbreak as ransomware labeled “WannaCry” and “Wanna Decryptor” infected a large range of critical systems. The malware exploits a vulnerability in older versions of Microsoft’s Windows, locks the systems it infects, and threatens to delete files unless a bitcoin ransom is […]
UK’s National Cyber Security Centre Releases 2025 Annual Review
The United Kingdom’s National Cyber Security Centre (NCSC) has released its Annual Review for 2025. As in 2024, the report covers the UK’s cyber security position as well as the country’s readiness to deal with those threats. A copy of NCSC’s report is available here. The Annual Review states that “it is time to act”. […]
Rhode Island’s New Cybersecurity Law for Nonbank Financial Institutions
Rhode Island has enacted Senate Bill 603 (SB603), effective July 2, 2025, establishing a comprehensive cybersecurity framework for nonbank financial institutions licensed by the state’s Department of Business Regulation (DBR). Although SB603 is closely modeled after the New York Department of Financial Services’ (NYDFS) Cybersecurity Regulation, 23 NYCRR Part 500 (Part 500), SB603 introduces several […]
CISA and FBI Joint Update on Scattered Spider: Evolving Threats and Mitigation Guidance
The Cybersecurity & Infrastructure Security Agency (CISA), Federal Bureau of Investigation (FBI), and international partners issued an updated advisory on July 29, 2025, highlighting the evolving tactics, techniques, and procedures (TPPs) of the cybercriminal group Scattered Spider. First identified in 2023, this group is notorious for targeting large enterprises and their contracted IT help desks, […]