Most banks and their service providers are familiar with the final rule governing notice for “notification incidents” and “cyber security incidents.” With compliance due by May 1, 2022, the rule establishes standards and deadlines for service providers to notify banks of such incidents and for banks to notify their primary federal regulator […]
Ransomware
Biden Signs Into Law Critical Infrastructure Ransomware Payment And Cyber Incident Reporting – Technology
To print this article, all you need is to be registered or login on Mondaq.com. On March 15, 2022, President Biden enacted, through an omnibus spending package, the Cyber Incident Reporting for Critical Infrastructure Act of 2022 (the “Act”). The Act establishes two cyber incident reporting requirements for “covered” critical […]
US law passed forcing companies to report cyber attacks, ransomware payments
Legislation aiming to force critical infrastructure companies to declare when they have experienced a cyber attack was approved by the Senate on Friday. The cross-party provision, authored by US senators Gary Peters and Rob Portman, aims to enhance the nation’s ability to combat ongoing cyber security threats against critical infrastructure. […]
Addressing Ransomware in Healthcare
There have been an alarming increase of ransomware attacks on healthcare systems in 2021—with more than 65 reported ransomware attacks on healthcare organizations in the third quarter alone and two-thirds of organization reporting that they had been targeted by ransomware strikes—a trend that is likely to continue in 2022. Ransomware in […]
San Francisco 49ers’ network hit by gang’s ransomware attack; team notifies law enforcement
RICHMOND, Va. — The San Francisco 49ers have been hit by a ransomware attack, with cyber criminals claiming they stole some of the football team’s financial data. The ransomware gang BlackByte recently posted some of the purportedly stolen team documents on a site on the dark web in a file […]
The Human Cost Of Ransomware
CEO and founder of Illusive Networks, a leader in active cyber defense. getty This past September, the world was shocked to read a lawsuit claiming that a baby in Alabama had died at the hands of ransomware. On July 16, Springhill Medical Center was in the midst of an attack that […]
U.S. Military Has Acted Against Ransomware Groups, General Acknowledges
SIMI VALLEY, Calif. — The U.S. military has taken actions against ransomware groups as part of its surge against organizations launching attacks against American companies, the nation’s top cyberwarrior said on Saturday, the first public acknowledgment of offensive measures against such organizations. Gen. Paul M. Nakasone, the head of U.S. […]