Companies and law enforcement are increasingly turning to white hat hackers for help. The FBI apparently paid consultants over $1,000,000 to unlock an iPhone used by one of the shooters in the San Bernardino attacks, and companies such as Microsoft, Uber, Facebook, and Google are paying hackers tens of thousands of dollars to find vulnerabilities in their systems. Davis Polk’s recent cybersecurity webcast discusses why companies are using pools of white hat hackers for certain … Continue Reading
With about a month to go until the first set of NYDFS’s cybersecurity rules go into effect (on August 28, 2017), we are proud to announce the formal launch of the Davis Polk Cyber Breach Center. The blog will help you keep pace with industry best practices and be aware of your company’s cybersecurity obligations, including those relating to the NYDFS rules. Aside from posts about developments in cybersecurity, the blog includes information about … Continue Reading
Three recent cybersecurity events highlight the need for companies to review their access controls to limit who has administrator privileges and how long those elevated privileges last.
First, this week, computer malware that has variously been called PetyaWrap, WannaCry2, GoldenEye and NotPetya began spreading in dozens of countries, encrypting computers and informing users that they could unlock their machines by paying a $300 ransom. Although the malware first appeared to function as ransomware, it now … Continue Reading