Erich Falke

No More Tears: A Few Recommended Steps in Response to WannaCry Ransomware

By Erich Falke on May 13, 2017 Posted in Ransomware

On May 12, 2017, thousands of companies across the globe saw the first signs of a prolific malware outbreak. The malware, a ransomware variant labeled WannaCry, is capable of encrypting files on a device and moving laterally to encrypt files on associated file shares. On average, the ransom amount that is demanded is the equivalent … Continue Reading

Deeper Dive: Frequency and Severity

By Erich Falke on April 18, 2017 Posted in Cybersecurity, Data Breaches

All industries are affected by cyberattacks, but how often and to what extent they occur vary greatly by industry type. Industry Type As for frequency, the healthcare industry in 2016, for the third year in a row, saw the greatest number of incidents and by a wide margin. Specifically, about 35 percent of the incidents … Continue Reading

Crowdsourcing Cybersecurity in 2017

By Craig A. Hoffman and Erich Falke on April 11, 2017 Posted in Cybersecurity, Ransomware

BakerHostetler began publishing its Data Security Incident Response Report in 2015. Although we were the first law firm to do so, inspiration for the report came from similar reports that cybersecurity firms issue. We will be publishing our 2017 Report on April 13, 2017, containing statistics and insights from the 450+ incidents we led clients … Continue Reading

New Mexico passes data breach notification and protection bill

By Erich Falke on March 20, 2017 Posted in Breach Notification, Data Breach Notification Laws

Then there were two. On March 16, 2017, the New Mexico state legislature passed a bill requiring that New Mexico residents be notified if their “personal identifying information” was affected by a breach of electronic data. Upon signature of the bill, New Mexico will join 47 other states requiring such notification, and the only states … Continue Reading

Federal agencies given new breach response and preparation guidelines

By Erich Falke on January 17, 2017 Posted in Breach Notification

The White House has made a step toward implementing in federal agencies some breach response best practices currently used in the private sector. On Jan. 3, the White House issued a memorandum (Memo) updating for the first time in almost a decade guidelines on how federal agencies should prepare for and respond to a breach … Continue Reading