The Russia-Ukraine Conflict, Ransomware Attacks, and the Financial Services Industry

1 hour watch | March.04.2022

The financial services sector is in an unenviable position between criminals unleashing ransomware, and government authorities trying to deter, investigate, and prosecute it. The financial services sector is a common conduit for ransom payments and an attractive target in its own right, making it the focal point of federal and state regulatory and law enforcement efforts to stop ransomware. U.S. sanctions on Russia have significantly increased the cyber threat potential, making the situation even riskier.

Orrick attorneys Amanda LawrenceElizabeth McGinnBen Hutten, and James Chou will explore recent developments in ransomware attacks, such as the increased risk of Russian state-sponsored cyberattacks, and related developments at the Department of the Treasury, the New York Department of Financial Services, and other regulators regarding prevention, harm mitigation, and reporting.

Webinar filmed prior to the combination of Buckley and Orrick in 2023.


The information contained herein is for informational purposes only, does not constitute legal advice, and does not necessarily reflect the opinions of Orrick or any of its attorneys or clients. This presentation is not intended to create, and does not create, an attorney-client relationship between you and Orrick, or any of the presenters, and you should not act or rely on any information in this presentation without consulting legal counsel. The information contained in this presentation may or may not reflect the most current legal developments. Accordingly, information in this presentation is not promised or guaranteed to be correct or complete, and it should not be considered an indication of future results. Orrick expressly disclaims all liability in respect to actions taken or not taken based on any or all of the contents of this presentation.