News & Analysis as of

Ransomware New Guidance Cyber Attacks

Shook, Hardy & Bacon L.L.P.

Ransomware Attacks Target SonicWall Firewall Vulnerability

Ransomware group Akira is believed to be behind a large number of attacks that appear to be tied to SonicWall firewalls with SSLVPN enabled. Over the past week, a large number of attacks by the ransomware group Akira have...more

Holland & Hart LLP

OCR Provides Guidance to the Healthcare Industry to Combat Ransomware Attacks

Holland & Hart LLP on

In the spirit of National Cybersecurity Awareness Month, the Office of Civil Rights (“OCR”) released a new video on October 17, 2024, to promote awareness on ransomware trends in the healthcare industry and how HIPAA subject...more

WilmerHale

Federal Agencies Publish New Version of the #StopRansomware Guide

WilmerHale on

On May 23, 2023, the Cybersecurity and Infrastructure Security Agency (CISA) published a second edition of the #StopRansomware Guide (the Guide). The Guide, first published in September 2020, aims to help organizations reduce...more

Jones Day

French Law Authorizes Insurability of "Cyber-Ransoms" Paid by Victims, Subject to Prompt Filing of Complaint

Jones Day on

France's Orientation and Programming Law of the Ministry of the Interior ("LOMPI law"), published in the Official Journal of January 25, 2023, amends the insurance coverage of losses and damages paid in response to...more

Barnea Jaffa Lande & Co.

Ransomware Attacks – Israeli Justice Ministry Recommendations

In light of the increase in fraud crimes in the digital space, a team from the Israeli Justice Ministry has formulated recommendations for defining a policy to contend with ransomware attacks. The recommendations relate to...more

Robinson+Cole Data Privacy + Security Insider

FBI + CISA Warn Companies (Especially Health Care) About Zeppelin Ransomware

The FBI and CISA recently issued a Cybersecurity Alert entitled “#StopRansomware: Zeppelin Ransomware” providing an alert to organizations about the proliferation of Zeppelin ransomware attacks and information on the...more

Polsinelli

Federal Banking Regulators Issue New Guidance for Complying with 36 Hour Cybersecurity Incident Reporting Requirement

Polsinelli on

On March 29, 2022, federal banking regulators issued important guidance for how banking organizations can comply with the upcoming requirement to notify regulators within 36 hours of ransomware or other disruptive...more

Woods Rogers

Banks Will Have 36 Hours to Report Cyberattacks Under New Rule

Woods Rogers on

The federal banking agencies recently issued a final regulation that will require a bank to notify its primary federal regulator of a cyberattack, or computer-security incident, no later than 36 hours after the bank...more

Akin Gump Strauss Hauer & Feld LLP

Treasury to Companies: Time to Take Ransomware Reporting Seriously

On September 21, 2021, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) published an updated sanctions advisory, providing guidance to companies on sanctions compliance obligations related to ransomware...more

Polsinelli

Federal Banking Regulators Issue Rule Requiring 36 Hour Notice of Ransomware and Other Disruptive Cybersecurity Incidents

Polsinelli on

On November 18, 2021, the Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, and the Office of the Comptroller of the Currency issued a joint final rule to require banking...more

Fisher Phillips

Federal Authorities Warn Employers Against Ransomware Payouts and Offer New Guidance on Preventing and Responding to Cyberattacks

Fisher Phillips on

Federal officials have recently warned employers and businesses that they could have insult added to injury if they respond to cyberattacks by making ransomware payments – increasingly requested through cryptocurrency – as...more

Sheppard Mullin Richter & Hampton LLP

Do You Have a Risk-Based Sanctions Compliance Program?: In the Event of a Ransomware Attack, OFAC Wants to Know

In the wake of increased ransomware attacks over the course of the last several months, the US Department of Treasury’s Office of Foreign Assets Control (OFAC) has updated a guidance it released last year on potential...more

Goodwin

NYDFS Issues Ransomware Guidance Aimed At Combatting Rising Cyber Threats

Goodwin on

The exponential rise in ransomware attacks in the past year has everyone on high alert, not least of which are regulators. Following on the heels of a June 2, 2021 White House memo addressing ransomware prevention, on June...more

Sheppard Mullin Richter & Hampton LLP

NYDFS Issues Ransomware Guidance

The New York State Department of Financial Services recently announced new guidance addressing ransomware attacks, and highlighting cybersecurity measures to significantly reduce the risk of an attack. The guidance comes as...more

Jones Day

New York Department of Financial Services Announces New Guidance on Ransomware Prevention

Jones Day on

On June 30, 2021, the New York Department of Financial Services ("NYDFS") identified key cybersecurity measures to prevent and prepare for ransomware attacks. ...more

Hogan Lovells

To pay or not to pay: Another regulator weighs in on the decision to pay a ransom

Hogan Lovells on

Ransomware victims face a nearly impossible decision: pay criminals holding their business hostage or refuse and face possible crippling consequences. This decision requires careful analysis of a number of considerations, and...more

WilmerHale

Guidance on Potential Ransomware Attacks on US Hospitals

WilmerHale on

We hope you have read about the reporting on potential ransomware attacks on US hospitals and perhaps other health care providers. If you have not, please review this guidance from the government agencies involved in this...more

White & Case LLP

US Treasury Advises on Potential Sanctions Risks Raised by Ransomware Attacks

White & Case LLP on

On October 1, 2020, the US Department of the Treasury's Office of Foreign Assets Control ("OFAC") issued an advisory opinion on the sanctions risks associated with certain cyberattacks ("OFAC Guidance"). The OFAC Guidance...more

ArentFox Schiff

OFAC’s New Ransomware Advisory

ArentFox Schiff on

On October 1, 2020, the US Department of Treasury’s Office of Foreign Assets Control (OFAC) issued an Advisory highlighting sanctions risks associated with facilitating ransomware payments on behalf of victims targeted by...more

Goodwin

Financial Services Weekly Roundup: Gone Phishing – The SEC’s OCIE Addresses Ransomware Attacks

Goodwin on

In This Issue. The Securities and Exchange Commission (SEC) adopted amendments to its exemptive applications procedures under the Investment Company Act of 1940, as amended (the 1940 Act) and proposed to amend Form 13F to...more

McDermott Will & Schulte

Significant Increase in Ransomware Attacks on Healthcare Industry – OCR Offers Guidance

McDermott Will & Schulte on

Recent months have seen a wave of ransomware attacks in the US healthcare industry, many involving a sophisticated strain of malware called Ryuk. To protect themselves, healthcare providers should review OCR’s recent guidance...more

Stoel Rives - Health Law Insider®

HHS Issues Practical New Cybersecurity Guidance for Healthcare Businesses of all Sizes

In late January, the U.S. Department of Health and Human Services’ Healthcare & Public Health Sector Coordinating Council issued a new cybersecurity guidance document for healthcare businesses of all sizes. The guidance...more

BCLP

Ransomware

BCLP on

Some forms of cyber extortion are automated and not targeted at any specific victim. For example, “ransomware” refers to a type of malware that prevents users from accessing their systems unless, and until, a ransom is paid. ...more

Robinson+Cole Data Privacy + Security Insider

Offshore Cybersecurity Guidelines Issued

DNV GL recently issued a new globally applicable recommended practice (DNLVGL-RP-G108) to assist oil and gas operators, system integrators and managers, and vendors in the offshore industry to manage increasing cybersecurity...more

Mintz - Privacy & Cybersecurity Viewpoints

A New FBI Warning for Healthcare Providers

The FBI has issued new guidance specifically applicable to medical and dental facilities regarding the cybersecurity risk of File Transfer Protocol (“FTP”) servers operating in “anonymous” mode. FTPs are routinely used to...more

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