data breach Archives

The Social Media Fraud Revolution: An RSA White Paper

May 16th, 2018|Categories: HB Risk Notes|Tags: cyber fraud, data breach, RSA, social media|

In describing their new analysis, RSA writes: The rise in popularity of multiple social media platforms throughout the world has caused many fraudsters to expand their activities to new platforms including WhatsApp, Telegram, Instagram, Snapchat and others. This white paper reveals new insights into how social media is being leveraged by fraudsters to create a new kind of fraud market as well as the types of information and tools being sold and traded in these virtual storefronts. Download their white paper now.

News Release re HB Corporate Counsel and Cyber Risk Programs April 2018

March 21st, 2018|Categories: HB Risk Notes|Tags: Altria, American Airlines, blank rome, blockchain, corporate counsel, Covington & Burling, critical infrastructure, Crowell & Moring, cyber security, cybersecurity, Daniel B. Garrie, data breach, Fish & Richardson, IBM, Intersec Worldwide, jackson lewis, Law & Forensics, Microsoft, Oracle, Seiger Gfeller Laurie, Sprint, Traub Lieberman, wiley rein|

For Immediate Release | Download PDF Cyber Attacks on U.S. Power Grids, Artificial Intelligence, Autonomous Vehicles and Blockchain Security – Upcoming HB Seminars Address These Hot Topics and More NEW YORK – MARCH 21, 2018 – Many of the most urgent subjects that face corporations, challenge our laws, and change the way we live will be covered during three seminars taking place over two days in New York, April 24 and 25, 2018. The programs are being produced by HB Litigation Conferences and will be held at the Roosevelt Hotel in Midtown. Presenters include representatives from global corporations such as American Airlines, Microsoft, IBM, Intersec Worldwide, Altria, Oracle, Sprint, and RSA Security (now part of Dell Technologies) plus a leading healthcare provider, Christiana Care Health System. The insurance industry will be represented as well, with speakers from Allianz, Marsh, Swiss Re, JLT Specialty, TDC Specialty Underwriters, and Willis Towers Watson. Leading law firms include Blank Rome, Covington & Burling, Crowell & Moring, Fish & Richardson, Jackson Lewis, Traub Lieberman and Wiley Rein. Specialized firms include Law & Forensics, Xpan Law and Seiger Gfeller Laurie. Other speakers come with experience at the FBI, the Justice Department, Homeland Security and the U.S. intelligence community. The three events are: Northeast Corporate Counsel Forum + Live Webstream Tuesday, April 24, 2018 – full day Program chairs: [...]

Insurance Industry's Role in Mitigating Natural Disasters

March 17th, 2018|Categories: HB Risk Notes|Tags: critical infrastructure, Crowell & Moring, cyber attack, data breach, data security, laura foggan, power grid, Russia cyber|

The insurance industry can play a role in helping prepare for future severe weather because the companies have a tremendous amount of data and knowledge about loss avoidance and prevention, Foggan says. “One of the things insurers can do is partner with government regulators both at the state and federal level to identify and articulate loss-prevention strategies that will benefit society as well as insurers,” she says. Loss prevention or mitigation of physical damage to key infrastructure—such as electrical grids—saves costs of repair, as well as the important downstream costs to private industry and society that result from loss of infrastructure function. Laura Foggan is a partner in the DC office of Crowell & Moring. Read more insights from Laura and her colleagues by clicking the read more button. This outstanding insurance and reinsurance attorney also is co-chair of HB's Cyber Sector Risk: Blockchain Security on April 25, 2018, in New York. Immediately following that seminar will be HB's Cyber Sector Risk: Critical Infrastructure. And, June 19-20, 2018, we are producing another relevant program in San Juan, titled HB's Cyber Sector Risk: Critical Infrastructure Blackout. See our conference listings for more details.

Attempt to Kill via Cyber Attack

March 15th, 2018|Categories: HB Risk Notes|Tags: critical infrastructure, cybersecurity, data breach|

"The only thing that prevented an explosion was a mistake in the attackers’ computer code," the investigators said. From the New York Times March 15, 2018, article A Cyberattack in Saudi Arabia Had a Deadly Goal. Experts Fear Another Try. Written by Nicole Perlroth and Clifford Krauss. https://litigationconferences.com/critical-infrastructure-april-25-2018-new-york/ https://litigationconferences.com/critical-infrastructure-blackout/

The Insurance Lifecycle of a Ransomware Attack | April 10 | 2pm

March 9th, 2018|Categories: HB Risk Notes|Tags: critical infrastructure, cybersecurity, data breach, data security, ransomware, ransomware insurance|

Speakers Kimberly Horn Claims Manager Beazley Dominic Paluzzi Partner and Co-Chair of Data Privacy and Cybersecurity McDonald Hopkins LLC Edward (“Ted”) Brown Associate Wiley Rein LLP Info Date: April 10, 2018 Time: 2 – 3:15 P.M. ET Fee: The webinar is complimentary from HB. But upgrade for $95 to get CLE, the PowerPoint and the recording. The webinar is also available to subscribers of the West LegalEdcenter®, but you must register there. CLE: 1 credit* * CLE Questions? Ransomware Damages Estimated to Reach $11.5 Billion Annually by 2019 That's up from $5 billion in 2017 and $325 million in 2015. Organizations of all sizes – from local nonprofits to large, multinational corporations – are finding that ransomware events can range from a costly nuisance to an existential crisis. But despite the prevalence and severity of ransomware attacks, many lawyers, risk managers, and other professionals do not understand the full lifecycle of a ransomware attack and how different coverages respond to the various impacts. This webinar will discuss the lifecycle from a ransomware attack. In addition to touching on key trends and developments, it will provide an overview of the ransomware response process on a step-by-step basis, including facilitation and brokering of cryptocurrency for payment of ransom demands. The webinar will also tie the various response-related activities (including [...]

Critical Infrastructure & Cybersecurity | March 13 | 2pm

March 8th, 2018|Categories: HB Risk Notes|Tags: critical infrastructure, cybersecurity, data breach, data security|

Speakers Megan Brown Partner Wiley Rein LLP formerly with the U.S. Justice Department Matthew Gardner Partner Wiley Rein LLP former federal prosecutor Gus P. Coldebella Partner Fish & Richardson former acting General Counsel, U.S. Department of Homeland Security Info Date: March 13, 2018 Time: 2 – 3:35 P.M. ET Duration: 95 minutes Fee: Complimentary with registration LexisNexis CLE Questions: Is Our Critical Infrastructure Cyber Resistant? Scientific American recently published an article which concluded that while our power grid and most of our infrastructure is pretty well built, it was not constructed with cybersecurity in mind. And our adversaries are pouring it on, the article says, learning about our industrial computer networks and, more urgently, how our industrial engineering systems can be disrupted or torched. “That’s where you start reaching some particularly alarming scenarios,” Scientific American says. Writing for Law360®, Wiley Rein LLP partner and former U.S. Justice Department attorney Megan Brown, along with her colleagues Matthew Gardner and Michael Diakiwski, agreed that our adversaries continue to be aggressive. They cited the WannaCry malware attack from North Korea, an event that whipped up a “flurry of federal cybersecurity activity” in December. And we can expect a busy 2018, the Wiley Rein attorneys wrote, with review of national security strategy and executive orders, policymakers considering how to secure the internet [...]

Healthcare Cyber Attacks 2017 Report from CryptoniteNXT

February 10th, 2018|Categories: HB Risk Notes|Tags: data breach, denial of service, healthcare cybersecurity, HIPAA, privacy law, ransomware|

In boxing your trainer will tell you to keep your eyes open and your head and feet moving. After all, it's way harder to land a solid punch on a moving target. According to the Healthcare Cyber Research Report for 2017 by CryptoniteNXT the same is true for healthcare organizations. In just the ransomware category alone, they experienced an 89% increase of attacks last year. "Health care networks will remain under persistent attack by cyberattackers that target their valuable data through the use of well understood vulnerabilities," the CryptoniteNXT report reads. "It becomes imperative to deploy a comprehensive strategy both to detect and deter the sophisticated attacker moving through the network, as well as the multitudes of ransomware tools that they will deploy into 2018 and 2019." "New best practices and the technologies that support them," the report continues, "such as moving target cyber defense (MTD) and network micro-segmentation, can detect and defeat many of the attacks leveraged by vulnerabilities found in most health care networks. MTD and network level micro-segmentation technology sets can directly address the inherent weakness in TCP/IP networks. By building out a Zero Trust environment health care institutions can directly address the top vulnerability use cases that exist in their networks today. The decision to deploy moving target cyber defense and network micro-segmentation technologies shut down reconnaissance and [...]

Cyber Risk and Privacy Liability: 3 Upcoming Events!

January 31st, 2018|Categories: HB Risk Notes|Tags: blockchain, blockchain security, critical infrastructure, cyber lawyer, Cyber Risk, cyber risk energy, cyber risk transportation, cyber security, data breach, GDPR, privacy law, privacy litigation|

International Privacy+Security Forum We are proud to partner with Dan Solove and Paul Schwartz on this prestigious event. Click the image to see what an amazing international faculty they have assembled! Cyber Sector Risk Events Here are the first two of a series of seminars and webinars which will focus on the unique cybersecurity risks facing key sectors of business and law. I am stoked about the people we're getting involved in these events. Click on the banners to see what great topics we have in store, and the highly qualified panelists we have addressing them. Also, both events will be streamed live to the web, then available later for download. We are actively seeking speakers, chairs and sponsors for additional HB Cyber Sector Risk seminars. If you would like to participate or have an idea, contact us or send us a proposal! Feel free to contact me directly. I'm often attentive. --Tom Hagy, (484) 324-2755 x2070, Tom.Hagy@LitigationConferences.com. Learn more about how you can sponsor a Cyber Sector Risk program! Contact Brownie or Suzanne to get our sponsor menu. Brownie.Bokelman@LitigationConferences.com (484) 324-2755 x2120 Suzanne.Armstrong@LitigationConferences.com (484) 324-2755 x2050

Hildebrandt: Law Firms Must Consider Cyber Sector Risks

January 24th, 2018|Categories: HB Risk Notes|Tags: critical infrastructure, cybersecurity, data breach, law firm cyber risk|

In its 2018 Client Advisory, Hildebrandt Consulting LLC, shared insights and trends we've come to expect from this leading monitor of the legal market. For example, the report says that while revenues grew in the legal market, that was due in part to increased fees in the face of declining demand. It's important to consider . . . the sectors in which the firm does business." The Advisory also discussed cybersecurity, something firms must pay attention to since they are a sweet, sweet target for hackers and for good reason when you consider all the intellectual property, deal documents, evidence, and other juicy info that rests on law firm servers. The report said firms need to determine their own "unique risk profile." They say it's important for firms to know who has access to sensitive data, whether employees use mobile devices for work, who is in charge of IT security and the business sectors in which the firm advises clients. "Understanding the unique risks of the firm is crucial to tailoring an effective security plan." Hildebrandt encourages firms to "master the fundamentals" of cybersecurity. "Hackers often take the path of least resistance when it comes to targeting law firms. While many firms may not have the resources to implement state-of-the-art security, most firms can implement some fundamental security measures that will deter [...]