In this article, we discuss today’s most prevalent types of ransomware attacks, considerations for whether to make the ransom payment, the Financial Crimes Enforcement Network (FinCEN) and Treasury’s Office of Foreign Asset Control’s (OFAC) ransomware guidance, and the U.S. government’s efforts in connection with these attacks.

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Accuracy in contractor proposal representations and cybersecurity compliance remains pressing, as demonstrated by an April 2021 settlement under the False Claims Act (FCA). In a previous alert, we noted that contractor representations of cybersecurity compliance/capabilities represent a fertile ground for bid protests. In this GT Alert, we highlight how the Department of Justice (DOJ)

Jena M. Valdetero, co-chair of Greenberg Traurig’s U.S. Data, Privacy and Cybersecurity Practice, presented “Solving the Ransomware Puzzle Do You Have All the Pieces in Place?” on April 25 at the 20th Annual Continuity Insights Management Conference in Louisville, Kentucky.

The session walked through all aspects of preparation for a ransomware attack,

Russia’s attack on Ukraine has resulted in historic and escalating U.S. sanctions, impacting companies who do business with Russia or Russian-affiliates and creating risks even for companies who do not. Since 2020, the number and sophistication of ransomware attacks has spiked, largely perpetuated by organized criminal groups in Russia and Eastern Europe. In light of

On Feb. 25, 2022, one of the top 10 ransomware threat actor groups, Conti, issued a statement announcing its “full support” of the Russian government and threatening “to use all our possible resources to strike back at critical infrastructures of an enemy” who “organize[s] a cyberattack or any war activities” against Russia. Conti followed up

A ransomware attack on a major U.S. gas pipeline sharpened people’s concerns about cybercrime in 2021, while the Biden administration balanced working with the private sector and threatening penalties for keeping breaches secret. GT Shareholder Jena M. Valdetero was mentioned in this article on cybersecurity steps the Biden administration has taken, published by Law360 Dec.

December 2021 has brought with it holiday cheer and an uptick in distributed denial of service attacks (DDOS) attacks. DDOS attacks are fast becoming a new tool in the extortionist threat actor’s toolkit. DDOS attacks are attractive because they don’t require attackers to actually hack into a company’s systems. Instead, a DDOS attack targets a

The past 12 months have seen an increase in cybersecurity attacks against major companies, placing data breaches on the front page of virtually every major newspaper. The U.S. government has taken notice. In May, the Biden administration issued an executive order requiring government agencies and certain government contractors to comply with cybersecurity requirements. In July,

On May 6, 2021, Colonial Pipeline was attacked by ransomware suspected to have originated in Eastern Europe or Russia, allowing cyber criminals to penetrate a major utility with significant impact on the entire US eastern seaboard’s economy. From the perspective of vulnerability, the Colonial Pipeline attack was a significant wake-up call–a Pearl Harbor moment for