Joe Jabara writes: So it starts….with literally billions of dollars lost through cryptocurrency frauds and security breaches, it was only a matter of time before we started seeing a wave of litigation. On Monday, a case was brought in the United States District Court, Southern District of New York, by IRA Financial Trust against Gemini Trust Company…
Category: Commentaries and Analyses
This is (One of Many Reasons) Why Districts Get Hit with Ransomware
Bill Fitzgerald writes: Even the smallest of school districts are complicated places. Communicating with stakeholders is hard to do well, and getting the details right is imperative. The details become even more important when school boards and superintendents try and communicate about school safety issues. When communication is done well, is not rushed, and goes…
Defensive Cyber Attacks Declared Legal by UK AG, Path Cleared to “Hack Back” When Critical Infrastructure & Services Attacked
Scott Ikeda reports: The Attorney General of the United Kingdom has declared the country can make use of defensive cyber attacks when “key services” (such as critical infrastructure and banks) are struck by foreign threat actors. The country is taking a formal position on extending international law to the digital realm, something that nations have…
Telegram Reportedly Exposed User Data To Authorities
Isobel Sullivan reports: If you’re one of Telegram’s 500 million active users, your privacy may no longer be guaranteed. Last Friday Der Spiegel, Germany’s largest news site, revealed that operators of the messaging platform handed over personal data to the authorities, despite the app claiming that they have never succumbed to such requests. […] While Telegram…
US agencies detail the digital ‘plumbing’ used by Chinese state-sponsored hackers
Martin Matishak reports: U.S. agencies on Tuesday offered new details about how Chinese state-sponsored hackers have used publicly known vulnerabilities to target internet service providers and major telecommunications firms around the globe over the last two years. Taking advantage of common vulnerabilities and exposures (CVEs) allows malicious actors backed by Beijing to break into victim…
Is cyberinsurance for cyberattacks becoming harder to find and more costly?
Attorney Jeff Drummond writes: News from the Cyberinsurance Market: Healthcare entities are finding that cybersecurity insurance is getting harder to find. Insurers are leaving the market, and prices are going up. Having cyberinsurance has always been a good call, from the time the insurance first hit the market, because (i) the risk is so hard to quantify,…