Tag archives: ransomware

“But the emails” – companies’ SEC filings reflect ransomware risks

Data Protection Report - Norton Rose FulbrightThe Equifax breach will likely devour the entire breach news cycle in the near term, given the size of the incident and that it gets to the essence of the company’s business of maintaining some of the most sensitive consumer information. Still, in what for the moment might seem like a more pedestrian risk, companies … Continue reading

New Global Cyberattack Affects Businesses, Government, and Infrastructure

A new strain of malware began infecting computer systems across the globe on Tuesday.  Similar to the WannaCry ransomware that struck last month, the malware used in this week’s attack spreads quickly across multiple computers on a network, encrypting files and displaying a ransom note that requests $300 worth of bitcoin for a decryption key. … Continue reading

Large Ransomware Attack Affects Companies in Over 70 Countries

A large-scale ransomware attack began impacting companies and hospitals across the United States, Europe, and Asia early Friday morning.  According to reports, companies in more than 70 countries have reported incidents as of Friday afternoon. The attacks are being caused by ransomware called “WannaCry,” which quickly moves across systems to encrypt large amounts of computer … Continue reading

FTC Enforcement Possible for Failing to Guard Against Ransomware

Data Protection Report - Norton Rose FulbrightRecent comments by FTC Chairwoman Edith Ramirez suggest that a company’s failure to take preventative measures to address ransomware could result in an enforcement action by the FTC, even if a company is never actually subject to a ransomware attack. The Chairwoman’s comments reflect a growing concern among US government agencies regarding ransomware and may … Continue reading

Your Money or Your PHI: New Guidance on Ransomware

Data Protection Report - Norton Rose FulbrightOn June 12, 2016, the HHS Office of Civil Rights (OCR) released guidance, entitled “FACT SHEET: Ransomware and HIPAA,” in response to the rising number of ransomware attacks perpetrated against healthcare entities. The guidance addresses Health Insurance Portability and Accountability Act (HIPAA) issues that may arise when medical records containing Protected Health Information (PHI) are compromised … Continue reading

Ransomware Incident Response – Prevention, Readiness and Strategy

Data Protection Report - Norton Rose FulbrightLast week, the Hollywood Presbyterian Medical Center was able to successfully negotiate the release of a collection of system resources and data files that had been encrypted and held hostage by ransomware attackers. Ransomware is a peculiar type of malware that is not designed or intended to steal personal or confidential information. Rather, ransomware is … Continue reading
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