As Hacks Hit A Nerve, Admin. Pushed Reporting Of Breaches
By Ben Kochman (December 22, 2021, 8:35 PM EST) -- 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.
Law enforcement agencies took the unprecedented steps of seizing multimillion-dollar ransomware bounties and sanctioning cryptocurrency exchanges used by cybercriminals to launder extortion payments. Regulators, choosing not to wait for Congress to pass a federal cyberattack notification law, interpreted their existing powers to require banks, health care apps and government contractors to report episodes.
And as some agencies threatened punishments for businesses that did not comply with cybersecurity rules,...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!