CyberCrunch’s Post

These updates highlight the growing expectations on companies managing sensitive data. How is your organization adapting its incident response plans to these changes? Let’s explore best practices.

The Department of Justice has been clamping down on false certifications in the System for Award Management (“SAM”), in government contracts, and on invoice submissions. New laws are being created, new frameworks are being put into place, and ever more agencies are coming out with penalties for inaccurate or false certifications of compliance. For example, on October 6th, 2021, the Department of Justice announced the creation of the Civil Cyber Fraud Task Force, whose sole duty is to analyze government contractors and pursue those who fail to follow federal cybersecurity standards. Read more: https://lnkd.in/eBu8HYur By: Alexandre Rowan To learn more about Dunlap Bennett & Ludwig, visit dbllawyers.com. #DBLLawyers #doingbetterlaw #TeamDBL #GovernmentContractors #Compliance #DepartmentofJustice

Delighted to see our Partner, Mark Turner quoted in the Law Society Gazette, talking about the sharp rise in the number of successful cyber-attacks on UK law firms over the past year. Successful cyberattacks on law firms rose 77% in the past year to 954, up from 538 the year previous. Criminals see law firms as particularly attractive targets due to the sensitive data that they hold. That sensitive data makes law firms potentially susceptible to blackmail demands from the criminal gangs, threatening to post data online, or lock firms out of accessing their data. Law firms are especially worried as to how these attacks would impact their relationships with their clients. According to GCHQ’s National Cyber Security Centre, nearly three-quarters of the UK’s top 100 law firms have been impacted by a cyber-attack. https://bit.ly/3Mw5r7A #Cyberattacks #Ransomware #LawFirms #Cybersecurity

🚨 New Texas Data Privacy Law Alert! 🚨 On June 1, 2023, Texas Governor Greg Abbott signed the Texas Data Privacy and Security Act (TDPSA). Effective July 1, 2024, this law aims to protect consumers' control over their data. 📅🔒 Businesses operating in Texas need to prepare for new requirements and risks. Similar to the CCPA, TDPSA enforces rights like correcting, deleting, and opting out of data processing. Violations can result in hefty fines of $7,500 per violation! 💸 Not all cyber insurance policies cover data privacy fines. Ensure you have comprehensive coverage and robust internal processes to stay compliant. 🛡️ Learn more and protect your business! Contact DOXA Cyber today. https://lnkd.in/dBFJspWd #DataPrivacy #CyberSecurity #TexasLaw #BusinessProtection

Are you risking up to $50 million in fines? Big changes are looming with the Government’s Scams Prevention Framework (SPF), placing strict obligations on telcos, banks, and digital platforms to protect consumers—and other sectors may soon be impacted. Negligence isn’t an option; costly fines await those who fail to comply. Join a panel of experts in this 1-hour intensive, as they reveal the proactive measures businesses must take to detect, prevent, and disrupt scams. Stay informed—your business depends on it. Sign up today and save 30%: https://lnkd.in/gBX8pAdW Experts include: Steven Klimt Ian Bloemendal Sophy Woodward Emma Forbes #scam #scamprevention #scampreventionframework #au #cybersecurity #legal #cpd

🚨 IRS Requires Mandatory Multi-Factor Authentication (MFA) for Tax Professionals 🚨 The IRS has implemented a new requirement for tax professionals to use MFA, aiming to strengthen cybersecurity and safeguard sensitive client information. Failing to comply may expose your practice to data breaches and identity theft risks. #CyberSecurity #TaxPros #DataProtection #TaxCompliance #IRS

⚖️ 💲 👨⚖️ Average legal costs (claims that reported legal or litigation expense from one or more category: legal settlement, legal defense, regulatory fines, and regulatory action) for SMEs as well as their five year averages are show. For large companies for the five-year period, the overall average was US$25.7M, with a maximum of over US$500M (settlement). This large settlement drives up the overall averages. Average settlement defense cost was US$747K. There was only one regulatory fine in the five-year data (US$21M). NetDiligence® Cyber Claims Study 2024 Report #cyberinsurance #cyberincident #databreach #ransomware #canadiancybersecurity CANADIAN CYBERSECURITY INC.

⚖️ 💲 👨⚖️ Average legal costs (claims that reported legal or litigation expense from one or more category: legal settlement, legal defense, regulatory fines, and regulatory action) for SMEs as well as their five year averages are show. For large companies for the five-year period, the overall average was US$25.7M, with a maximum of over US$500M (settlement). This large settlement drives up the overall averages. Average settlement defense cost was US$747K. There was only one regulatory fine in the five-year data (US$21M). NetDiligence® Cyber Claims Study 2024 Report #cyberinsurance #cyberincident #databreach #ransomware #canadiancybersecurity CANADIAN CYBERSECURITY INC.