SolarWinds Security Incident

January 23, 2025 Year in Focus: Key Cybersecurity and Privacy Developments in 2024 Download PDF Practices & Industries Cybersecurity & Data Protection National Security & CFIUS Artificial Intelligence View Related Practices & Industries Cybersecurity & Data Protection National Security & CFIUS Artificial Intelligence Lawyers John P. Carlin John Patten Peter Carey Alex Zapalowski Charlie Burrell Neil Chitrao Matthew J. Disler Uche Eseonu Corey Goldstein Cole A. Rabinowitz Lawyers John P. Carlin John Patten Peter Carey Alex Zapalowski Charlie Burrell Neil Chitrao Matthew J. Disler Uche Eseonu Corey Goldstein Cole A. Rabinowitz As we entered 2024, the cybersecurity and data privacy landscape was evolving at a rapid pace as companies worked to keep pace with pervasive cyber threats and evolving regulatory measures. Threat actors continued to find success in 2024. Headline-grabbing incidents impacted industries ranging from healthcare to telecommunications, ransomware remained a persistent threat including a record $75 million ransom payment and attacks against cloud services had downstream impacts for hundreds more victims companies. Concurrently, regulators pursued aggressive theories of liability under the securities and other laws, securing hundreds of millions of dollars in fines, and proposed a slew of new regulations addressing incident disclosure, security requirements and international data transfers. These efforts come as both companies and regulators also focus on also how to address legal complexities introduced by the integration of advanced technologies such as artificial intelligence into everyday business operations. In this dynamic environment, the Paul, Weiss Cyber & Data Protection team has identified ten key developments of 2024 that have shaped the legal and data security landscape developments that pose new challenges and are driving business leaders to allocate more resources to meet the evolving threat and legal requirements....

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