News & Analysis as of May 25, 2025

Fraud

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Follow this channel for advisories on one of the biggest threats to businesses today. Read a morning brief of fresh guidance and commentary by leading lawyers on security, privacy, risk... more +

Follow this channel for advisories on one of the biggest threats to businesses today. Read a morning brief of fresh guidance and commentary by leading lawyers on security, privacy, risk management, global regulations, data protection, leaks, hacking, cyber insurance, compliance, HIPAA, and every other aspect of cybersecurity of import to corporate readers right now. less -

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

Fisher Phillips on 5/15/2025

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

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

StoneTurn on 4/24/2025

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

As the Department of Justice Affirms and Advances Its Cyber-Fraud Initiative, Government Contractors Should Take Steps to Ensure...

Ice Miller on 4/15/2025

While some areas of white-collar enforcement have been deprioritized by the Trump Administration, the Department of Justice (DOJ) remains committed to its Civil Cyber-Fraud Initiative as demonstrated by two recent False...more

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

Troutman Pepper Locke on 3/12/2025

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

Do You Know Who Your Employee Is? Mitigating DPRK IT Worker Risk

StoneTurn on 2/19/2025

North Korean IT operatives are infiltrating U.S. and Western companies using stolen or fabricated identities, VPNs, and U.S.-based co-conspirators to gain unauthorized access to corporate systems. These insider threats pose...more

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

K2 Integrity on 12/20/2024

“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

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

Robinson+Cole Data Privacy + Security Insider on 12/12/2024

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

How to Defend Against Identity Theft This Tax Season

J.S. Held on 12/6/2024

In recent years, identity theft cases have surged, especially during tax season. According to the Internal Revenue Service (IRS), in 2022, the federal agency identified and prevented USD 5.7 billion in tax-related fraud, and...more

The Dark Side of Artificial Intelligence: Scams and Frauds

J.S. Held on 12/4/2024

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

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

Robinson+Cole Data Privacy + Security Insider on 11/14/2024

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

Privacy Briefs: October 2024

Health Care Compliance Association (HCCA) on 10/16/2024

23andMe agreed to pay $30 million and provide three years of security monitoring to settle a lawsuit accusing the genetics testing company of failing to protect the privacy of 6.9 million customers whose personal information...more

Why Executive Teams Should Prepare for the Cybersecurity and Fraud Risks of Deepfakes

Epstein Becker & Green on 9/23/2024

The widespread availability of Artificial Intelligence (AI) tools has enabled the growing use of “deepfakes,” whereby the human voice and likeness can be replicated seamlessly such that impersonations are impossible to detect...more

DOJ Brings Suit Against University Under Its Civil Cyber-Fraud Initiative

Holland & Knight LLP on 8/28/2024

Late last week, the U.S. Department of Justice (DOJ) filed its complaint-in-intervention in a qui tam lawsuit against the Georgia Institute of Technology (Georgia Tech), alleging that the university failed to meet certain...more

Privacy Tip #393 – Phishing, Smishing, Vishing and Qrishing Schemes Continue to Dupe Users

Robinson+Cole Data Privacy + Security Insider on 4/12/2024

The recent increase in smishing and vishing schemes is prompting me to remind readers of schemes designed to trick users into providing credentials to perpetrate fraud. We have previously written on phishing, smishing,...more

Defending Your Law Firm Against Cyber Threats

Guidepost Solutions LLC on 4/9/2024

In an increasingly digitized world, law firms are prime targets for sophisticated cyber threats that can result in substantial financial losses and reputational damage. Recently, a prominent law firm, esteemed for its...more

FCA Enforcement Remains Fixed on Healthcare and Cybersecurity

Fox Rothschild LLP on 2/28/2024

On February 22, 2024, the U.S. Department of Justice (“DOJ”) released its Fiscal Year 2023 False Claims Act (“FCA”) statistics showing recoveries of almost $2.7 billion. Last year’s recoveries exceeded 2022’s $2.2 billion...more

Safeguarding Against the Rise of Deepfake Scams: What Employers and Employees Need to Know

Kohrman Jackson & Krantz LLP on 2/19/2024

A recent deepfake scam has rocked the financial landscape of Hong Kong, demonstrating the extreme lengths to which cybercriminals are willing to go to defraud unsuspecting victims. This sophisticated scheme, which saw...more

Cyber holiday fraud: Make your process list and check your payments twice

McAfee & Taft on 12/6/2023

Cyber criminals love this season because the holidays and year-end processes create perfect opportunities for fraud to thrive. This holiday season, make sure the payments coming in and out of your business get to the right...more

Deeper Dive into the Data

BakerHostetler on 5/24/2023

Every year, BakerHostetler collects and analyzes various metrics about the incident response matters we handle. In 2022, we handled over 1,160 incidents. The most striking trends we saw across those incidents were an overall...more

Refrozen - Hong Kong Court of Appeal confirms lawfulness of "letters of no consent" regime

Hogan Lovells on 4/19/2023

The Hong Kong Court of Appeal has overturned a first instance judgment that had held that the longstanding use of "letters of no consent" to preserve monies held in bank accounts suspected of harbouring the proceeds of crime,...more

Florida Web Designer Settles with DOJ on 2020 HealthyKids.org Medicaid Breach

Health Care Compliance Association (HCCA) on 4/10/2023

A Florida communications firm and its owner agreed to pay $293,771 to resolve False Claims Act (FCA) allegations that they failed to secure personal information on a federally funded Florida children’s health insurance...more

Threat Groups Using Translation Tools in Phishing Attacks

Robinson+Cole Data Privacy + Security Insider on 2/24/2023

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

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

ArentFox Schiff on 7/11/2022

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

Incomplete Cybersecurity Compliance Disclosures May Support Fraud Claim Under the False Claims Act, Federal Court Holds

Alston & Bird on 2/7/2022

At the heels of a recent Civil Cyber-Fraud Initiative related to cybersecurity practices and the False Claims Act (FCA), a cybersecurity-related FCA case has survived a motion for summary judgment, teeing up a trial to...more

Data Privacy + Cybersecurity Insider - December 2021 #3

Robinson & Cole LLP on 12/27/2021

CYBERSECURITY - New Jersey Settles with Cancer Center Over Business Email Compromise - One of the challenging things about HIPAA (Health Insurance Portability and Accountability Act) enforcement is the fact that both the...more

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