Law.com Subscribers SAVE 30%
Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.
WannaCry Attack Is A Wake-Up Call for Cyber Preparedness
The scope of WannaCry changed our perceptions of ransomware attacks. Until May 12, 2017, the more highly publicized ransomware incidents were localized targets impacting only one or a small number of businesses. WannaCry made it clear that ransomware could reach a broad cross-section of computers worldwide, at essentially the same time.
While there have been some indications that WannaCry originated in North Korea, nothing is conclusive yet and investigations into the attack continue. Regardless of its origins, WannaCry focused the world's attention on cyber-attacks as a potential threat to everyone, not just large companies with highly valuable data. Responses to the attack around the world varied in their success recovering data, but funding in the bitcoin wallets designated to receive the ransoms indicates that only a small percentage of victims paid the ransom, even with the relatively modest demand of $300.
WannaCry was indiscriminate in its victims, affecting health care organizations, international corporations, governmental organizations, companies and individuals. WannaCry impacted more than 300,000 computers in more than 150 countries, causing countless hours of business shutdowns and IT time trying to restore the damaged systems. Despite the scope of the attack, the overall impact was relatively minor compared to the potential damage that could result from a more sophisticated attack. The attack did not result in the loss of personal data that could have caused the social and financial costs of this attack to skyrocket.
This premium content is locked for Entertainment Law & Finance subscribers only
ENJOY UNLIMITED ACCESS TO THE SINGLE SOURCE OF OBJECTIVE LEGAL ANALYSIS, PRACTICAL INSIGHTS, AND NEWS IN ENTERTAINMENT LAW.
- Stay current on the latest information, rulings, regulations, and trends
- Includes practical, must-have information on copyrights, royalties, AI, and more
- Tap into expert guidance from top entertainment lawyers and experts
Already a have an account? Sign In Now Log In Now
For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473
Major Differences In UK, U.S. Copyright Laws
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
The Article 8 Opt In
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
Removing Restrictive Covenants In New York
In Rockwell v. Despart, the New York Supreme Court, Third Department, recently revisited a recurring question: When may a landowner seek judicial removal of a covenant restricting use of her land?