Are Bitcoin’s Days as the Ransomware Payment of Choice Numbered?
6/11/21
By: Alexia Roney
On May 7, 2021, the CEO of Colonial Pipeline found himself in a position far too common for American companies: a cyberattack had crippled his company’s IT system and shuttered his business until a ransom was paid. …
Businesses Beware of the Parallax RAT Trap
7/7/20
By: Peter Dooley
One of the newest and most potentially harmful malware campaigns, the appropriately named Parallax RAT, has been wreaking havoc on businesses of all sizes during this already trying time of increased remote work. RAT stands for “remote …
City Hacks – Atlanta’s 2018 Cyberattack and the Growing Need for Cyber Liability Insurance
2/12/19
By: Matthew Weiss
Already a growing area of liability insurance for businesses, the importance of cyber insurance for local governments came to the forefront last March when the City of Atlanta suffered a malware attack in which its computer networks …
Yahoo Fined $35M for Delay in Disclosing 2014 Cyberattack
4/30/18
By: Theodore C. Peters
On April 24, 2018, the U.S. Securities and Exchange Commission hit Altaba, Inc. (formerly known as Yahoo) with a $35 million fine. The penalty stems from Yahoo’s failure to disclose a 2014 cyberattack until 2016, even …
Supreme Court Declines to Hear Data Breach Standing Case
2/23/18
By: Amy C. Bender
The ongoing issue of when a plaintiff has grounds (“standing”) in data breach cases saw another development this week when the U.S. Supreme Court declined to weigh in on the debate.
CareFirst, a BlueCross BlueShield health …