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Legal Frameworks for Cyber Incident Handling: A Comprehensive Overview

In the fast-evolving landscape of cybersecurity, it is crucial for organizations to be equipped with the necessary legal frameworks for handling cyber incidents effectively. A comprehensive overview of these frameworks can provide organizations with the guidance they need to navigate the complex and constantly changing world of cyber threats.

Having a robust legal framework in place is essential for organizations to effectively respond to and recover from cyber incidents. This framework should cover various aspects of incident handling, including incident detection and reporting, breach assessment, containment and mitigation strategies, recovery and restoration of systems and data, as well as compliance requirements and legal obligations. One key aspect of a legal framework for cyber incident handling is ensuring compliance with relevant regulations and laws. This includes data protection and privacy regulations, industry-specific compliance requirements, as well as laws related to breach notification and disclosure. By staying up-to-date with the latest legal developments and incorporating them into their incident response plans, organizations can minimize legal risks and ensure compliance with regulatory requirements. Another important aspect of a legal framework for cyber incident handling is establishing clear roles and responsibilities within the organization. This includes defining the roles of key stakeholders such as the Chief Information Officer, Chief Information Security Officer, Chief Financial Officer, compliance professionals, legal professionals, and other relevant personnel. Clear communication channels and escalation procedures should also be established to ensure a coordinated and effective response to cyber incidents. In addition to regulatory compliance and defining roles and responsibilities, a comprehensive legal framework for cyber incident handling should also include incident response procedures, documentation requirements, and post-incident analysis and reporting. This can help organizations not only respond to cyber incidents in a timely and effective manner but also learn from past incidents to improve their overall cybersecurity posture. At Brainstormgenius, we understand the importance of having a strong legal framework for cyber incident handling in place. Our team of professionals specializes in incident response, breach coaching, company recovery, increasing organizational robustness, and providing legal and compliance guidance to help organizations navigate the complex world of cyber threats. By working with us, organizations can ensure they have the necessary legal frameworks in place to effectively respond to and recover from cyber incidents.

 
 
 

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FBI & DC3 Identification of North Korean Cyber Actors,

Tracked as TraderTraitor, Responsible for Theft of $308 Million from Bitcoin.

 

Attack vector:

1. North Korean cyber actor masquerading as a recruiter on LinkedIn.

2. contacted an employee at Ginco, a Japan-based enterprise cryptocurrency wallet software company.

3. The threat actor sent the target, who maintained access to Ginco’s wallet management system.

4. A URL linked to a malicious Python script under the guise of a pre-employment test located on a GitHub page. 5. The victim copied the Python code to their personal GitHub page and was subsequently compromised.

 

Lesson learned:

1. This is a warm wallet only (as it's connected online)

2. Where are the quorum signers?

3. Why not use risk base token per coin (max lost)

4. Last, but not least. Where is the separation between environments? How does an employee's daily computer have access to both networks, creating a bridge?

Lazaros is an old North Korean attack group with highly skilled teams.

It's not only the defense team recruiting the best and brightest; it's also the attackers.

 

Recommendations:

Assume that Exercise that learn and ask questions build a solid workflow - No single signer (not even the CFO/CEO

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