News & Analysis as of

Cyber Crimes Fraud Scams

Fisher Phillips

North Korean Scammers are Posing as IT Freelancers: Here’s How You Can Protect Your Business

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Businesses should be aware of growing security risks from North Korean IT workers targeting freelance contracts from businesses in the U.S. and other countries. Typically, these workers fraudulently claim they are from the US...more

StoneTurn

The Evolution of Cybercrime: How to Stay Safe from AI-Driven Fraud

StoneTurn on

A recent article in The Wall Street Journal highlights a case that is sadly all too familiar – a family member is in distress, and you must wire them money to help save them. Of course, as the article reveals, the family...more

K2 Integrity

Don’t Let Cyber Scams Ruin the Holidays: Keep the Holiday Season Festive for Your Organization

K2 Integrity on

“It’s the most wonderful time of the year”—or is it? Unfortunately, it can be the most wonderful time for criminals, who try to prey on financial generosity through scams and frauds. Extra vigilance is needed during the...more

Robinson+Cole Data Privacy + Security Insider

Privacy Tip #424 – Recent Big Win for Law Enforcement Over Cybercriminals

I often get asked whether law enforcement is making any headway in catching cybercriminals. Although it is a challenging task, a recent example of a big win for law enforcement deserves celebration....more

J.S. Held

The Dark Side of Artificial Intelligence: Scams and Frauds

J.S. Held on

AI is technology that enables computers to simulate human intelligence and problem-solving skills, whereas deepfake is synthetic media that has been digitally manipulated to replace and mimic one person’s likeness. AI has...more

EDRM - Electronic Discovery Reference Model

From Sextortion to Financial Scams: The Expanding Reach of Deepfakes

ComplexDiscovery’s Editor’s Note: Deepfake technology represents one of the most pressing challenges for cybersecurity and governance professionals today....more

Robinson+Cole Data Privacy + Security Insider

Privacy Tip #421 – Threat Actors Using DocuSign API to Send Fake Invoices

DocuSign is a great and efficient way to obtain authentic signatures for contracts and invoices. As with other efficient tools, threat actors will and have found a way to use the DocuSign API to send fake invoices to divert...more

Robinson+Cole Data Privacy + Security Insider

Privacy Tip #389 – FTC Outlines Top Scams in 2023

The Federal Trade Commission (FTC) keeps track of scams that are reported to it and summarizes those scams in a report outlining the most successful scams of the prior year....more

K2 Integrity

Social Media Day: Be Alert for Fake Accounts and Scams

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Social media has evolved tremendously since its inception—it has become part of our everyday lives and helps us stay connected with others. In fact, June 30 has been declared World Social Media Day as a day to celebrate the...more

Dorsey & Whitney LLP

Recent Trends in Wire Fraud Scams: Uncovering and Tackling the Latest Tactics in Hong Kong

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Wire fraud threats have been on the rise in recent years, with Hong Kong becoming a particularly attractive destination for fraudsters due to its status as a global financial hub. Criminals are using increasingly...more

WilmerHale

FBI Warns That Scammers Are Using Deepfakes to Apply for Sensitive Jobs

WilmerHale on

On June 28, 2022, the FBI issued a Public Service Announcement (PSA) warning that fraudsters are using deepfakes to impersonate job applicants during online interviews and employing stolen Personally Identifiable Information...more

Womble Bond Dickinson

Ubiquitous and Creative Fraud is Regular Feature of DeFi

Womble Bond Dickinson on

If you read the hype, then you will have read that lack of regulation, speed of transactions, irreversibility of trades, and hidden identities are positive features of the crypto world. Crypto enthusiasts say that finance can...more

K2 Integrity

Digging Deeper Podcast Episode 2: Tales Of Corporate Scams, Frauds, And A Stolen Dali

K2 Integrity on

When it comes to scams and frauds, it's not just individuals at risk, but also companies. In Episode 2 of Digging Deeper, Chris Morgan Jones interviews Jordan Arnold about corporate scams, and they even discuss cracking the...more

Blank Rome LLP

FBI Alert: Enhanced Threat of Cyber Fraud Tied to COVID-19

Blank Rome LLP on

As the coronavirus global health emergency continues apace, cyber criminals have continued their concerted effort to exploit this crisis for financial gain via cyberattacks and scams tied to COVID-19. In recent weeks, threat...more

K2 Integrity

Targeted Cyber Frauds in Today’s Global Crisis

K2 Integrity on

You receive an email saying that due to COVID-19, a number of regularly scheduled meetings are moving to new dates and times. While hovering over the conveniently provided email link to your calendar, you notice the email...more

Benesch

Point of Sale Newsletter - Q1 2020

Benesch on

Fraud During the COVID-19 Pandemic - As the COVID-19 pandemic continues to alter daily life across the globe, reports of pandemic-related fraud are increasing. With the World Health Organization (WHO) declaring a “news...more

Lathrop GPM

The New Crime Wave: State Efforts to Investigate COVID-19 Related Crimes

Lathrop GPM on

The unprecedented COVID-19 pandemic has brought with it an unprecedented effort by states and the federal government to prevent and counteract fraud. State Attorneys General are implementing innovative statewide initiatives...more

Morrison & Foerster LLP

Law Enforcement COVID-19 Guidance: Cybercrime, Scam, And Fraud Trends

As in-house counsel, compliance, and security teams worldwide are adjusting to life amid the global pandemic, so too are criminal and nation-state cyber actors. These actors are now leveraging the pandemic, public fear, and...more

Foley Hoag LLP - White Collar Law &...

COVID-19 Fraud Prosecutions Off and Running

The Department of Justice (DOJ) announced a criminal complaint last Friday in the most significant COVID-19 fraud prosecution to date. A complaint is a charging document usually submitted to a court to obtain an arrest...more

Woods Rogers

Be Vigilant – Covid-19 Creates Additional Opportunities For Fraud

Woods Rogers on

As the spread of COVID-19 virus creates anxiety and uncertainty across the globe, it also creates new opportunities for cyber fraud. On Saturday, the United States Department of Justice (DOJ) filed a complaint for a Temporary...more

Cozen O'Connor

Avoiding Online Scams in the Time of Coronavirus

Cozen O'Connor on

What do tornadoes, hurricanes, earthquakes, wildfires, and the coronavirus have in common? Scams. Disasters seem to beget scammers well versed in both price gouging and knockoff peddling, as well as phishing schemes and...more

Robinson+Cole Data Privacy + Security Insider

Privacy Tip #228 – Coronavirus Scare Is the Perfect Cover for Fraudsters

The coronavirus—or COVID-19—has health care experts scrambling, and has caused global concern for health and well-being due to its rapid spread throughout many countries, including the United States....more

Mintz - Privacy & Cybersecurity Viewpoints

Court Holds Crime Policy Covers Business Compromise Email Loss

The “business compromise email” is what the FBI calls the “$5 billion scam,” but apparently an insurance company did not agree with an insured company that they had been the victim of a crime....more

Orrick, Herrington & Sutcliffe LLP

Business E-mail Compromise Scam v2.0

In March, we reported on the Business E-mail Compromise (BEC) scam where criminals target employees responsible for wiring company money, and trick them into wiring money under false pretenses to fraudulent accounts...more

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