News & Analysis as of May 6, 2025

Cybersecurity › Wire Fraud › Risk Management

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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 -

Cybersecurity, Wire Fraud, and Attorney Liability: The Growing Risk Landscape

Integreon on 5/5/2025

Wire transfer fraud is on the rise, and attorneys are increasingly becoming prime targets for cybercriminals. With billions lost annually to fraudulent transactions, legal professionals who fail to implement robust...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

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

Ogletree, Deakins, Nash, Smoak & Stewart,... on 11/25/2024

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

Be on High Alert for New Wave of Wire Fraud Scams

Robinson+Cole Data Privacy + Security Insider on 3/6/2020

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

Six Steps To Take Immediately After You Suspect Wire Fraud

Harris Beach Murtha PLLC on 6/24/2019

Wire fraud is on the rise. Health care providers engaging in transactions, whether operational or financial, need to remain aware of crimes involving compromised emails and fraudulent wire transfers....more

Protecting Against Wire Fraud and Man in the Middle Schemes

Robinson+Cole Data Privacy + Security Insider on 2/11/2019

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

CFOs Beware: You are Being Targeted by Nigerian Hackers

Robinson+Cole Data Privacy + Security Insider on 12/14/2018

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

The SEC Issues Warnings to Companies to Review Controls to Prevent Wire Fraud Hacking Attempts

Wilson Sonsini Goodrich & Rosati on 11/1/2018

In an October 16, 2018 investigation report, the Securities and Exchange Commission found that nine companies that suffered Business Email Compromise, or BEC, had insufficient internal controls to prevent such attacks....more

Don’t Let Spoofing Fool You – SEC Says Internal Accounting Controls Should Address Cyber Threats

Bass, Berry & Sims PLC on 10/19/2018

On October 16, 2018, the SEC released an Investigative Report detailing recent email spoofing schemes that caused nine public companies to lose a total of nearly $100 million. Building on its February 2018 guidance about the...more

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

Robinson+Cole Data Privacy + Security Insider on 9/11/2018

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

Data Privacy + Cybersecurity Insider - June 2018 #2

Robinson & Cole LLP on 6/18/2018

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

Law Firm Data Breaches Demonstrate the Expanding Scope of Cyber Attacks

Cadwalader, Wickersham & Taft LLP on 1/17/2017

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

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