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Business Email Compromise
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
As the COVID-19 pandemic continues to cause chaos across the globe, cyber attacks seeking to exploit the crisis on the rise as well. In particular, the frequency of COVID-19 business e-mail compromise (“BEC”) schemes—a...more
Working remotely can open up more risk to business email compromise....more
As we previously discussed, FINRA issued guidance to member firms and their associated persons in April 2020 to remain “vigilant in their surveillance against cyber threats and take steps to reduce the risk of cyber events.”...more
With employees working from home, attackers are relying on the fact that assistants and others are not able to confirm these requests from the executives as they are not in the same physical proximity to the executives as...more
FBI Issues Warning of Increased BEC During COVID-19 Pandemic - On April 6, 2020, the Federal Bureau of Investigation (FBI) issued a warning to companies to be aware of an increase in business email compromises (BEC)...more