The Financial Crimes Enforcement Network (FinCEN) estimates some $590 million in ransomware payments were reportedly made from January to June 2021. Moreover, hackers are now blatant enough to brand their undertakings as “Ransomware as a Service,” and some reportedly “feel completely safe” from prosecution against their illegal activities in countries such as China.
What are these data breaches and ransomware attacks, and what can you do to help protect your company?
Working with a member of the Lex Mundi group opens the door to access over 22,000 lawyers in over 125 countries. As a founding and active member of this global legal network, Calfee has decades of experience and strong relationships within the organization, which we regularly leverage to help ensure our clients have quick access to trusted legal counsel in other jurisdictions who can help them make informed decisions to better grow and protect their business’ interests.
Legal project management professionals drive positive results for businesses, yet only 30% of law firms use them. Legal project management is just one of the ways that Calfee offers exceptional value in the delivery of legal services to our clients.
When the purchaser and the seller of a business are not able to negotiate an agreed-upon price to be paid at closing, one option is to incorporate an earnout provision into the transaction document.
On Episode 19 of Calfee NOW, Raymond Tarasuck, Senior Counsel with Calfee's Government Relations and Legislation practice group, and Jamie Gregory, Principal, Federal Government Relations with Calfee's Government Relations and Legislation practice group, spoke with and Congresswoman Marcy Kaptur (D, OH - 9) and Congressman Dave Joyce (R, OH - 14).
On April 14, 2021, the DOL released a series of long-anticipated cybersecurity tips and best practices for ERISA-covered benefit plans, which include retirement and welfare plans. The guidance is directed at plan sponsors and fiduciaries (and, at least indirectly, plan service providers) as well as plan participants and beneficiaries.
As part of the Calfee NOW video series, the recently appointed Director of the Ohio Department of Insurance (ODI) and prior Ohio Supreme Court Justice, Judith French, sat down for a brief chat with Calfee’s James Sullivan.
Here are some highlights of interest for Calfee’s policyholder clients:
Following up on the prior analyses (here and here) that Calfee’s insurance policyholder practice issued regarding insurance coverage for business interruption losses stemming from the COVID-19 pandemic, all eyes continue to be trained on Ohio. On April 14, 2021, the Ohio Supreme Court officially accepted a certified question from the federal Northern District of Ohio that will have broad and sweeping impacts not only on Ohio policyholders, but throughout the U.S.
Calfee Connections blogs, vlogs and other educational content are intended to inform and educate readers about legal developments and are not intended as legal advice for any specific individual or specific situation. Please consult with your attorney regarding any legal questions you may have. With regard to all content including case studies or descriptions, past outcomes do not predict future results. The opinions expressed may not necessarily reflect the view points of all attorneys and professionals of Calfee, Halter & Griswold LLP or its subsidiary. Updates related to all COVID-19 government assistance programs are provided with the most current information made available to Calfee at the time of publication. Clarifications and further guidance are being disseminated from government authorities on an ongoing basis. All information should be reaffirmed prior to the submission of any application and/or program participation.
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