There are many firms that issue yearly reports on data breach trends and incident response based on their experience. When a law firm has been involved in more than 1000 cases, it’s worth taking a look at their findings. I have always found my discussions with BakerHostetler lawyers to be informative. I’m looking forward to…
Category: Of Note
Spear-phishing campaign compromises executives at 150+ companies
Catalin Cimpanu reports: A cybercrime group operating since mid-2019 has breached the email accounts of high-ranking executives at more than 150 companies, cyber-security firm Group-IB reported today. The group, codenamed PerSwaysion, appears to have targeted the financial sector primarily, which accounted for more than half of its victims; although, victims have been recorded at companies…
Report Finds Ransomware Crews Don’t Leave After Being Paid
Organized crews of cybercriminals that attacked health care organizations and other critical services with ransomware this month kept their access to victims’ networks even after ransoms were paid, new research released by Microsoft Corp. says. In a blog post published Tuesday, Microsoft’s Threat Protection Intelligence Team said it had identified “dozens” of ransomware attacks in the…
Data Breach Settlement Calls for Enhanced Security Measures
Marianne Kolbasuk McGee reports: A federal court recently granted final approval for an $8.9 million settlement of a class action lawsuit against Banner Health stemming from a 2016 data breach. The settlement spells out steps the Phoenix-based organization must take to improve information security. […] The amount that Banner Health has agreed to spend in…
Judge Again Pushes Back Nikulin’s Trial Over COVID-19 Concerns
Ross Todd reports: A federal judge in San Francisco has suspended the trial until June in a case against a Russian man accused of hacking Silicon Valley technology companies, which was underway when the COVID-19 outbreak was declared a global pandemic. U.S. District William Alsup of the Northern District of California on Tuesday cited questionnaire…
Shade (Troldesh) ransomware shuts down and releases decryption keys
Catalin Cimpanu reports: The operators of the Shade (Troldesh) ransomware have shut down over the weekend and, as a sign of goodwill, have released more than 750,000 decryption keys that past victims can now use to decrypt their files. Security researchers from Kaspersky Lab have confirmed the validity of the leaked keys and are now working on creating a…