News & Analysis as of

Cyber Crimes Cybersecurity Wire Fraud

Troutman Pepper Locke

Need for Enhanced Cybersecurity in Public Finance — Cyberthieves Steal Bond Proceeds

Troutman Pepper Locke on

Recent events highlight the need for enhanced cybersecurity protocols in government offices across the U.S. In late November 2024, the Township of White Lake in Michigan, intended to issue approximately $29 million in general...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

Business Email Compromise Scams: What They Are, and How to Avoid Them

In an increasingly digital world, the rise in cybercrime involving email scams has become a significant threat to individuals and organizations alike. These sophisticated attacks exploit human psychology and technological...more

Tarter Krinsky & Drogin LLP

Be Cyber Aware

Hackers commit financial fraud by creating a fake email address mimicking the vendor’s name and emailing accounts payable saying that the vendor’s account information has been changed. Funds are then sent directly to the...more

Warner Norcross + Judd

[Webinar] Wire Transfer Fraud: Preventing and Mitigating this Rising Threat - December 6th, 12:00 pm - 1:00 pm ET

Warner Norcross + Judd on

Join Warner Norcross + Judd LLP attorneys Madelaine Lane, Kelly Hollingsworth and Nate Steed for a webinar focused on preventing and mitigating wire transfer fraud. Cyber criminals are utilizing phishing emails and other...more

Troutman Pepper Locke

Wire Fraud Scams: What You Need to Know - The Consumer Finance Podcast

Troutman Pepper Locke on

Please join Consumer Financial Services Partner Chris Willis and his colleagues and fellow Partners Mary Zinsner and Susan Flint as they discuss the current landscape of wire fraud scams in the financial services industry....more

ArentFox Schiff

Investigations Newsletter: Ramesh “Sunny” Balwani, Former Theranos President and COO, Found Guilty on All Twelve Fraud Counts in...

ArentFox Schiff on

Ramesh “Sunny” Balwani, Former Theranos President and COO, Found Guilty on All Twelve Fraud Counts in High-Profile Trial - On July 7, 2022, a federal jury in the Northern District of California found Ramesh “Sunny”...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

Robinson+Cole Data Privacy + Security Insider

Be on High Alert for New Wave of Wire Fraud Scams

Scammers always go back to the good old scams, even when they are making bundles on new scams. Although our lives have been consumed of late with an onslaught of ransomware attacks, this past week, we have seen an uptick in...more

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

Minimizing Risk and Liability from Man in the Middle Attacks (or, How to Keep Your Company’s Wire Transfers from Going Awry)

Imagine this scenario: you’ve had a productive and mutually advantageous ongoing contractual relationship of several years with another party. You have built up quite a bit of trust over the years, and communicate regularly...more

Robinson+Cole Data Privacy + Security Insider

Protecting Against Wire Fraud and Man in the Middle Schemes

The scammers continue to find easy ways to dupe unsuspecting businesses into sending information or money to them....more

Robinson+Cole Data Privacy + Security Insider

CFOs Beware: You are Being Targeted by Nigerian Hackers

A report released by cybersecurity firm Agari has come to a conclusion that we have experienced all year—that a hacking group in Nigeria, dubbed “London Blue,” is targeting CFOs and Controllers in small businesses to...more

Akin Gump Strauss Hauer & Feld LLP

SEC Warns Companies of Potential Internal Accounting Control Violations with Business Email Compromise

• The SEC issued guidance in the form of a rare “21(a) report” this week after investigating a series of email frauds impacting 9 unnamed companies. • These email-based frauds, referred to as “CEO scams” or “vendor scams,”...more

Mitchell, Williams, Selig, Gates & Woodyard,...

The Rise of Wire Fraud: Cybercrimes Targeting Money Wired in Real Estate Transactions Increasing

No one can argue that technology has worked wonders in the area of real estate transactions, making these transactions faster, smoother and more accessible. However, thanks to technology these transactions are now exposed to...more

Robinson+Cole Data Privacy + Security Insider

Privacy Tip #155 - Home Buyers Tricked Out of Down Payments by Scammers

An old trick is coming back and working. It is a wire fraud scheme targeted at homeowners instead of businesses, and it is happening at an alarming rate....more

Robinson & Cole LLP

Data Privacy + Cybersecurity Insider - June 2018 #2

Robinson & Cole LLP on

CYBERSECURITY - Financial Conduct Authority Warns Banking Industry of ICOs and Cryptocurrency - Writing a “Dear CEO” letter to banking executives, the Financial Conduct Authority (FCA) warned executives on June 11,...more

Cadwalader, Wickersham & Taft LLP

Law Firm Data Breaches Demonstrate the Expanding Scope of Cyber Attacks

In a case of “cyber meets securities fraud,” the United States Attorney’s Office for the Southern District of New York (“SDNY”) recently indicted three foreign nationals on charges of insider trading, wire fraud, and computer...more

Carlton Fields

Spoofing Whales: How Companies Can Protect Their CEOs and CFOs from the "Business Email Compromise”

Carlton Fields on

Cyber scammers continually innovate new means to extract valuable information from unsuspecting victims. And a new form of cyber fraud is exploiting the close relationship between CEOs and CFOs. Identifying this threat — and...more

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