Angus Liu reports: Merck may finally be entitled to a hefty insurance payout from the high-profile NotPetya cyberattack—if an appeals court ruling stands. A New Jersey appellate court on Monday ruled that a group of insurers can’t use war as an argument to deny Merck coverage from the notorious cyberattack that afflicted the company and others…
Category: Of Note
288 dark web vendors arrested in major marketplace seizure
Fromm Europol’s press release: In an operation coordinated by Europol and involving nine countries, law enforcement have seized the illegal dark web marketplace “Monopoly Market” and arrested 288 suspects involved in buying or selling drugs on the dark web. More than EUR 50.8 million (USD 53.4 million) in cash and virtual currencies, 850 kg of…
The Untold Story of the Boldest Supply-Chain Hack Ever
Kim Zetter has a fascinating piece on the run-up to the SolarWinds attack. Here’s a snippet: In fact, the Justice Department and Volexity had stumbled onto one of the most sophisticated cyberespionage campaigns of the decade. The perpetrators had indeed hacked SolarWinds’ software. Using techniques that investigators had never seen before, the hackers gained access…
BakerHostetler’s 9th annual Data Security Incident Response Report
BakerHostetler’s annual report is out, and as always, it is a great read because it provides statistics and analysis of the more than 1,100 data breach incidents the law firm handled in 2022. Ted Kobus provides a bit of the history of the firm’s Digital Assets and Management Group. Here’s just one graphic from the…
Stronger cybersecurity, reducing cyber incidents, greater EU ‘strategic autonomy’? Three interesting features of the proposed EU Cyber Solidarity Act
Mark Young, Paul Maynard, and Anna Sophia Oberschelp de Meneses of Covington & Burling write: On April 18, 2023, the European Commission published its proposal for an EU Cyber Solidarity Act (“CSA”). It aims to strengthen incident detection, situational awareness, and response capabilities, and to ensure that entities providing services critical for day-to-day life can access expert…
Man Sentenced for Stealing Over 712 Bitcoin Subject to Forfeiture
An Ohio man was sentenced to four years and three months in prison for stealing over 712 bitcoin that were the proceeds of the darknet bitcoin mixer Helix and subject to forfeiture in a then-pending criminal case. According to court documents, Gary James Harmon, 31, of Cleveland, perpetrated a scheme to steal cryptocurrency that was…