In a recent speech SEC Chair Mary Jo White declared that while “cybersecurity attacks cannot be entirely eliminated, it is incumbent upon private fund advisers to employ robust, state-of-the-art plans to prevent, detect, and respond to such intrusions.” On October 16, 2015 Chair White also stated that:
Cybersecurity is the…
Criminal charges have been filed against the botnet administrator of “Bugat,” “Cridex” or “Dridex” which is a “sophisticated malware package designed to steal banking and other credentials from infected computers” and the “FBI estimates at least $10 million in direct loss.” The US Attorney General’s office announced on October 13…
Continue Reading Cyber Theft of Millions Caused by Phishing Malware!
My Guest Blogger Eric Levy is a senior attorney in Gardere’s Trial Practice Group who specializes in complex litigation with a focus on technology and Internet eCommerce related issues.
The European Court of Justice (ECJ) ruled on October 6, 2015 in the case of Schrems vs. Data Protection Commissioner that…
Continue Reading GUEST BLOG: Snowden’s Disclosures Upend EU-US Privacy Safe Harbor Laws
The volume of Ransomware is increasing dramatically after malware is downloaded by unsuspecting employees “encrypts a user or company’s files and forces them to pay a fee to the hacker in order to regain access to their own files.” KnowBe4 claims to be the “world’s most popular integrated Security Awareness…
Continue Reading Ransomware Alert: Client Data at Risk for Lawyers and Accountants!
The NY Times reported that “regulators are looking at whether Google unfairly uses the software to promote its other dominant services.” The report entitled “F.T.C. Is Said to Investigate Claims That Google Used Android to Promote Its Products” is based on the fact that since Google owns the…
Continue Reading Is the Android Part of Google’s Antitrust Strategy?
The Mimecast Incident Report stated that the US Data Centers and disruption of millions of emails were caused by a DDoS (Distributed Denial of Service) attack on September 21 from “10:46 am EST – 5:32pm EST.” The September 25, 2015 Incident Report summarized the incident as:
Customers using our US…
Continue Reading Mimecast Confesses that Cloud Mail Outage was DDoS Attack!
With the help of the financial services industry “the legal sector has launched its own cyber-threat intelligence-sharing mechanism” known as the Legal Services Information Sharing and Analysis Organization (LS-ISAO) Services. The August 2015 Darkreading article entitled “Law Firms Form Their Own Threat Intel-Sharing Group” report included these comments…
Those of us who rely on Mimecast found that we had no email on Monday, September 21, 2015 because of cloud problems which impacted millions of people since we all rely on email as the primary means to communicate. Mimecast seems to be operating okay now and claims to have…
While writing my eCommerce Times column last month it occurred to me that history may be changed if the family member of a British Revolutionary War General could force Google to forget what that General did in the 18th century! I welcome your thoughts and comments about my August…
Continue Reading Are the ‘right to be forgotten’ laws like burning virtual books?
The FBI “is warning companies and the general public to be aware of IoT vulnerabilities cybercriminals could exploit” and encourages the use of strong passwords according to a FBI September 10, 2015 Public Service Announcement (PSA) entitled “Internet of Things Poses Opportunities for Cyber Crime.” The PSA Included…
