On February 4, 2025, Coveware, Inc. released its quarterly ransomware report for the fourth quarter of 2024, and identified that the percentage of victims paying ransoms fell to a historic low of 25%. While the average amount of a payment in Q4 2024 rose 16% quarter-over-quarter to $553,959, the median amount dropped a significant 45% […]
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CISA Releases the AI Cybersecurity Collaboration Playbook to Strengthen AI-related Cybersecurity Information Sharing and Collaboration
On January 14, 2025, the Cybersecurity and Infrastructure Security Agency (CISA) released the AI Cybersecurity Collaboration Playbook (the “Playbook”) to provide guidance to organizations within the AI community (including AI providers, developers, and adopters) to voluntarily share AI-related cybersecurity information with CISA and its partners through the Joint Cyber Defense Collaborative (JCDC). To combat AI-related […]
Last Minute Biden Cybersecurity and Artificial Intelligence Executive Orders Survive Initial Trump Revocations
In the final week of the Biden Administration’s term in office, former President Biden issued two high profile executive orders that could have significant ramifications for the cybersecurity and technology industries. The first, issued on January 14, 2025, is an “Executive Order on Advancing United States Leadership in Artificial Intelligence Infrastructure” (the “AI Infrastructure Order”). […]
FTC Announces Proposed Settlement with GoDaddy Incorporating Prescriptive Cybersecurity Requirements
On January 15, 2025, the Federal Trade Commission (FTC) announced a proposed settlement with GoDaddy Inc. (GoDaddy) for making false or misleading representations about their security practices in violation of Section 5 of the FTC Act. GoDaddy, a website hosting company, serves approximately 5 million customers. In the complaint, the FTC indicated that although GoDaddy […]
OFAC Announces Sanctions Against Chinese-Based Cybersecurity Company
On January 3, 2025, the Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced sanctions on a Chinese-based cybersecurity company, Integrity Technology Group, Inc. (“Integrity Tech”). These sanctions were in response to Integrity Tech’s “role in multiple computer intrusion incidents against U.S. victims.” The incidents have been attributed to Flax Typhoon, a Chinese […]