Cyber and Security Law Blog | Burr & Forman LLP https://www.burr.com/cyber-security-law-blog/ Mon, 12 Feb 2024 00:53:45 -0500 Hackers Extort Victim with SEC Whistleblower Complaint https://www.burr.com/cyber-security-law-blog/ALPHV-extort-MeridianLink-with-sec-whistleblower-complaint Thomas K. Potter, III ALPHV-extort-MeridianLink-with-sec-whistleblower-complaint Tue, 21 Nov 2023 09:00:01 -0500 In an unintended consequence of the Securities and Exchange Commission's (SEC) unprecedented rulemaking agenda, a black-hat hacker gang has filed a whistleblower complaint against its victim for not reporting a cybersecurity incident "as mandated" by a Rule reporting requirement that isn't even required yet.

The ransomware gang ALPHV/BlackCat claimed to have hacked publicly traded MeridianLink (NYSE:  MLNK), a provider of cloud-based software solutions to financial institutions, in early November. Apparently dissatisfied by the victim's response time, BlackCat posted a ...

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