News & Analysis as of

Cyber Attacks Business E-Mail Compromise (BEC)

Bricker Graydon LLP

Key Insights for School District Leaders

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It’s not getting any easier. In fact, “for K-12 schools, cyber incidents are so prevalent that, on average, there is more than one incident per school day.” While high-profile cyber threats like ransomware and data...more

Foley Hoag LLP - Security, Privacy and the...

As If Bank Failures Aren’t Enough – Hackers Are Exploiting the Chaos to Breach Security

The Massachusetts State Police Commonwealth Fusion Center (CFC) believes that cyber actors may use the current bank failures for future phishing and business email compromise (BEC) attacks. Cyber actors often use current...more

Faegre Drinker Biddle & Reath LLP

Federal Court Holds Bank Liable For Business Email Compromise Losses

We have written on previous occasions about the rise in frequency and severity of Business Email Compromise (BEC) cyberattacks. As explained in other posts, BEC attacks are a type of phishing scam typically targeting...more

Robinson+Cole Data Privacy + Security Insider

Threat Groups Using Translation Tools in Phishing Attacks

It used to be that one of the sure ways to identify a phishing email was to notice grammatical errors or broken English in the text of the communication. Thanks to new translation tools like Google Translate, that are...more

Davis Wright Tremaine LLP

Passing the Fraud Loss Hot Potato

The shifts in customer behavior driven by the global COVID pandemic were a boon for digital payments – consumer adoption in the U.S. reached 82% in 2021, up from 78% in 2020 and 72% in 2016. However, the industry "sector"...more

Polsinelli

Cybersecurity To-Dos in 2023

Polsinelli on

Introduction - The cybersecurity threat landscape continues to evolve and present new challenges pertaining to the protection of electronically stored information. Innovative “hacking” tactics constantly emerge and...more

Goldberg Segalla

Cybersecurity Risks for Business- A Primer on Prevention

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As technology evolves, companies are finding ways to become more nimble and conduct business more efficiently — over remote networks, email on handheld devices, the cloud, and on cellphones. Yet, as technology advances, so...more

Kelley Drye & Warren LLP

[Webinar] 2022 WORKing Lunch Series: Protecting Your (Human) Resources: Fighting Business Email Compromise and Ransomware -...

HR employees are, willingly or not, the guardians of the company’s most sensitive collection of data—its employee’s personal information. Cybercriminals often perceive the human resources department as the perfect gateway...more

Goldberg Segalla

Death by a Thousand Paper Cuts: The Scourge That Is Business Email Compromise

Goldberg Segalla on

In June 2014, the CEO of Omaha-based Scoular Company sent a series of emails to his company’s controller to let him know that the company was in negotiations to buy a Chinese company. The emails highlighted the sensitivity of...more

Foley Hoag LLP

[Webinar] How to Prevent and Respond to Business Email Compromises - April 26th, 12:30 pm - 1:30 pm ET

Foley Hoag LLP on

Please join us for a discussion and Q&A regarding the growing threat of business email compromises (a.k.a. man-in-the-middle attacks). Attorneys Chris Hart and Yoni Bard, litigators with experience in privacy matters and...more

Spilman Thomas & Battle, PLLC

Decoded: Technology Law Insights, Volume 2, Issue 24

Welcome to our last Decoded issue of 2021. With this last publication, we wanted to do something a little different. We looked at the top issues that affected the industry and our clients over the past year. And, we look...more

Goodwin

Gone Phishing? Wire Fraud Scams Continue Unabated Throughout 2021 So Far

Goodwin on

By this point, most businesses that regularly send and receive funds electronically have heard about the risk of wire fraud scams in which an intruder changes wiring instructions and diverts funds to its own account,...more

Society of Corporate Compliance and Ethics...

[Virtual Event] 2021 Atlanta Regional Compliance & Ethics Conference - August 13th, 8:25 am - 4:30 pm EDT

Our Virtual Regional Compliance Conferences provide updates on the latest news in regulatory requirements, compliance enforcement, and strategies to develop effective compliance programs. Watch, listen, and ask questions from...more

Ballard Spahr LLP

DOJ Unseals Indictment Charging Three North Korean Military Intelligence Operatives With Attempting to Steal Over $1 Billion in...

Ballard Spahr LLP on

Related Money Laundering Case Relying on ATM Cash-Outs and BEC Schemes Also Unsealed - On February 17, the Department of Justice unsealed a sprawling indictment against three members of North Korea’s military intelligence...more

Rothwell, Figg, Ernst & Manbeck, P.C.

Recent Cybersecurity Incidents on the Campaign Trail Highlight Risks for Ordinary Companies

Although this is no ordinary campaign, recent news shows how politicians have many of the same worries as typical businesses. On Thursday, October 29, 2020, the Wisconsin Republican Party reported that it had been victimized...more

Fisher Phillips

Not If But When: Cybercrime Targets Telework

Fisher Phillips on

As a result of the COVID-19 pandemic, millions of Americans have deserted the physical workplace. Modern technology and remote access capabilities have made it possible to transform almost any job to a telework position. As...more

Faegre Drinker Biddle & Reath LLP

Business Email Compromise Scams: What You Should Know and What You Can Do To Be Prepared

Business Email Compromise (BEC) scams have become increasingly commonplace and financially destructive. According to the Federal Bureau of Investigation (FBI), 2019 was the worst year on record for BEC scams — both in terms...more

Ballard Spahr LLP

FinCEN Issues Advisory on Cyber-Enabled Crime Fueled by COVID-19

Ballard Spahr LLP on

The Financial Crimes Enforcement Network (“FinCEN”) just issued yet another Advisory regarding fraud threats faced by financial institutions, as exacerbated by the COVID-19 pandemic. This Advisory pertains to “Cybercrime and...more

Hogan Lovells

Hold the back page! Cyber attacks hit sport – what can property owners learn?

Hogan Lovells on

In all the COVID chaos it is easy to forget about cyber security vulnerability and that the UK real estate industry remains exposed to cyber attacks through inadequate security systems and lack of preparedness.  ...more

Blank Rome LLP

[Webinar] Primers for Pandemic Litigation Update - Critical Assets at Risk: Protecting Data Privacy and Trade Secrets during...

Blank Rome LLP on

With the COVID-19 related increase in remote work, anxious employees are being increasingly targeted by cyber criminals and hackers with phishing scams, business e-mail compromise schemes, and malicious ransomware. At the...more

Clark Hill PLC

Business Email Compromise

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Working remotely can open up more risk to business email compromise....more

Proskauer - Minding Your Business

Cybersecurity: Threats, Consequences, and the Regulatory Framework

In today’s world, cybersecurity breaches and threats are pervasive concerns for any business entity, without exception. Working from home arrangements due to COVID-19 constraints only magnify the risk and create further...more

Proskauer - The Capital Commitment

Private Equity and Cybersecurity: Threats, Consequences, and the Regulatory Framework

Cybersecurity breaches and threats are pervasive concerns for any entity storing valuable data or managing large sums of money: private investment funds are no exception. Recently three private equity firms suffered breaches...more

Alston & Bird

FBI Releases IC3 2019 Internet Crime Report

Alston & Bird on

The FBI’s Internet Crime Complaint Center (“IC3”) has released its 2019 Internet Crime Report (“Report”) on trends and statistics of suspected cybercrimes from 2019. ...more

Latham & Watkins LLP

Financial Firms Beware: Dangers Lurk in the Cloud

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US regulators are calling attention to financial firms’ obligations to protect against evolving cybersecurity threats. On October 2, 2019, the Financial Industry Regulatory Authority (FINRA) issued an information notice to...more

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