Topic
Ransomware
1,107 published works
Data Privacy + Cybersecurity Insider
Clop Claims Zero-Day Attacks Against 130 Organizations
Russia-linked ransomware gang Clop has claimed that it has attacked over 130 organizations since late January, using a zero-day vulnerability in the GoAnywhere MFT secure file transfer tool, and was…
Policyholder Pulse
The Dangers of Dialogue: Ransomware Attackers Want to See Your Cyber Insurance Policy
By Brendan Hogan, Peter M. Gillon
Amidst the recent surge in ransomware attacks on U.S. businesses—with crypto criminals and sometimes State actors invading and encrypting computer and operating systems and extorting funds in exchange for the…
Privacy Matters
France: Changes to insurability of cyber losses
Authors: Luc Bigel and Hamza Akli On 24 January 2023, France’s Orientation and Programming Law ("LOPMI") was enacted and published the next day in the Official Journal. LOPMI introduces amendments…
The CLS Blue Sky Blog
Covington Discusses SEC’s Focus on Cybersecurity Incident Disclosure
By David Engvall, Ashden Fein, Gerald Hodgkins, Ian Macdonald, Micaela McMurrough
On March 9, 2023, the Securities and Exchange Commission (the “SEC”) Enforcement Division’s Crypto Assets and Cyber Unit announced a settlement with Blackbaud, Inc. involving allegations of inadequate disclosure controls…
Free Writings + Perspectives
Blackbaud Inc. to Pay $3 Million to SEC for Alleged Misleading Disclosures in 2020 Ransomware Attack
By Rajesh De, Veronica R. Glick, Stephen Lilley, Anna T. Pinedo, David A. Simon, Jeffrey P. Taft, P. Kai Knight
Public companies should note a recent settlement with the US Securities and Exchange Commission (“SEC”). On March 9, 2023, the SEC announced that Blackbaud Inc. agreed to pay $3 million…
Data Privacy + Cybersecurity Insider
FBI, CISA + MS-ISAC Warn of LockBit 3.0 Ransomware
The FBI, CISA and the Multi-State Information Sharing and Analysis Center (MS-ISAC) recently released a joint cybersecurity advisory, warning organizations about indicators of compromise, and tactics, techniques, and procedures that…
Business Cyber Risk
FBI, CISA, MS-ISAC Joint Cybersecurity Advisory – #StopRansomware: LockBit 3.0
The Federal Bureau of Investigation (FBI), the Cybersecurity and Infrastructure Security Agency (CISA), and the Multi-State Information Sharing & Analysis Center (MS-ISAC) routinely release a Joint Cybersecurity Advisory (CSA) as…
Proskauer on Privacy
2022 Trends in Privacy and Data Security Law
By Jonathan Mollod, Jeffrey Neuburger
As the National Security Agency (NSA) noted in its 2022 cybersecurity yearly review, “[c]yberspace is dangerous.” Reports of sophisticated cyberattacks and ransomware threats were prevalent in the past year. The…
Global Regulation Tomorrow
FATF publishes report on countering ransomware financing
On 14 March 2023, the Financial Action Task Force (FATF) published a report on countering ransomware financing. The report analyses the methods that criminals use to carry out their ransomware…
The D&O Diary
SEC Charges Company Over Disclosures Concerning Ransomware Attack
On March 9, 2023, the SEC announced that it had settled charges that data management software company Blackbaud, Inc. had settled charges that the company’s cybersecurity disclosure policies and procedures…