The attacks are likely the work of a group named “Labyrinth Chollima,” one of the most prolific North Korean hacking units, more widely known as part of the “Lazarus Group.”
The multiple crises of the past few years are causing American businesses to consider “friend-shoring,” or the placement of manufacturing in countries with shared values.
The aftermath of European Union sanctions on Russia mean that some older vessels may not be properly inspected and maintained, leading to a catastrophic accident at sea.
Businesses that are thriving, rather than simply surviving, share at least one thing in common: They know the value of a data-driven approach, and are making the necessary investments to prove it.
A ransomware group has claimed responsibility for the incident, which included a breach of some file systems and theft of certain company and personal data.
Stephanie Resnick, partner and co-chair of the Directors’ and Officers’ Liability and Corporate Governance Practice Group at Fox Rothschild LLP, offers advice to corporate boards and leaders on how they can avoid being faulted for failing to prepare for an economic downturn.