News & Analysis as of

Ransomware New Guidance Information Technology

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

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

Robinson+Cole Data Privacy + Security Insider

Colorado Attorney General Issues Data Security Best Practices Guidance Document

The office of the Colorado Attorney General, Phil Weiser, recently issued a data security best practices guidance document as part of his office’s role in “implementing and enforcing data security and data privacy laws.” In...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

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

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

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