News & Analysis as of

Data Protection Business E-Mail Compromise (BEC)

Bricker Graydon LLP

Key Insights for School District Leaders

Bricker Graydon LLP on

It’s not getting any easier. In fact, “for K-12 schools, cyber incidents are so prevalent that, on average, there is more than one incident per school day.” While high-profile cyber threats like ransomware and data...more

Polsinelli

Cybersecurity To-Dos in 2023

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Introduction - The cybersecurity threat landscape continues to evolve and present new challenges pertaining to the protection of electronically stored information. Innovative “hacking” tactics constantly emerge and...more

Kelley Drye & Warren LLP

[Webinar] 2022 WORKing Lunch Series: Protecting Your (Human) Resources: Fighting Business Email Compromise and Ransomware -...

HR employees are, willingly or not, the guardians of the company’s most sensitive collection of data—its employee’s personal information. Cybercriminals often perceive the human resources department as the perfect gateway...more

Locke Lord LLP

WTF?! – Wire Transfer Fraud Coverage Disputes Continue

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Business email compromises (BECs) remain big business. According to a recent FBI report, “[i]n 2021, BEC schemes resulted in 19,954 complaints with an adjusted loss of nearly $2.4 billion.” This is an increase from just over...more

Goldberg Segalla

Death by a Thousand Paper Cuts: The Scourge That Is Business Email Compromise

Goldberg Segalla on

In June 2014, the CEO of Omaha-based Scoular Company sent a series of emails to his company’s controller to let him know that the company was in negotiations to buy a Chinese company. The emails highlighted the sensitivity of...more

Spilman Thomas & Battle, PLLC

10 Things to Do Before and After Business E-mail Compromises Happen

One of the most common forms of data or security breaches is the compromise of a business e-mail account that allows a threat actor to obtain financial or other sensitive information. Security professionals report that...more

Spilman Thomas & Battle, PLLC

Decoded: Technology Law Insights, Volume 2, Issue 24

Welcome to our last Decoded issue of 2021. With this last publication, we wanted to do something a little different. We looked at the top issues that affected the industry and our clients over the past year. And, we look...more

Burr & Forman

Business Exposure to Internet Crime

Burr & Forman on

Each year, the Internet Crime Complaint Center (“IC3”) of the Federal Bureau of Investigation publishes its Internet Crime Report.  The IC3’s 2020 Internet Crime Report includes startling information about the continuing...more

Rothwell, Figg, Ernst & Manbeck, P.C.

Recent Cybersecurity Incidents on the Campaign Trail Highlight Risks for Ordinary Companies

Although this is no ordinary campaign, recent news shows how politicians have many of the same worries as typical businesses. On Thursday, October 29, 2020, the Wisconsin Republican Party reported that it had been victimized...more

Fisher Phillips

Not If But When: Cybercrime Targets Telework

Fisher Phillips on

As a result of the COVID-19 pandemic, millions of Americans have deserted the physical workplace. Modern technology and remote access capabilities have made it possible to transform almost any job to a telework position. As...more

Faegre Drinker Biddle & Reath LLP

Business Email Compromise Scams: What You Should Know and What You Can Do To Be Prepared

Business Email Compromise (BEC) scams have become increasingly commonplace and financially destructive. According to the Federal Bureau of Investigation (FBI), 2019 was the worst year on record for BEC scams — both in terms...more

Blank Rome LLP

[Webinar] Primers for Pandemic Litigation Update - Critical Assets at Risk: Protecting Data Privacy and Trade Secrets during...

Blank Rome LLP on

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

Blank Rome LLP

FBI Warns Companies to Be Vigilant as COVID-19-Themed BEC Scams Continue to Grow

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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

Robinson & Cole LLP

Data Privacy + Cybersecurity Insider - April 2020 #2

Robinson & Cole LLP on

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

Latham & Watkins LLP

Financial Firms Beware: Dangers Lurk in the Cloud

Latham & Watkins LLP on

US regulators are calling attention to financial firms’ obligations to protect against evolving cybersecurity threats. On October 2, 2019, the Financial Industry Regulatory Authority (FINRA) issued an information notice to...more

White and Williams LLP

Five Questions (And Possible Good Answers) Boards of Directors Should Ask About Cybersecurity

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Data privacy and security can feel overwhelming for a company’s executive management. Unfortunately, that overwhelming feeling can prevent constructive dialogue and action toward improving a company’s cybersecurity program....more

Snell & Wilmer

Business Email Compromise: What It Is and What You Can Do

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Business email compromise (“BEC”) is a type of cyberattack that is increasing at an alarming pace. The U.S. Federal Bureau of Investigation estimated in a May 2017 alert that global losses due to BEC scams totaled more than...more

Mintz - Privacy & Cybersecurity Viewpoints

Back to School – Avoiding Theft of Data and Money via the “Business Email Compromise” Scam

The FBI warned this summer that the “Business Email Compromise” (“BEC”) scam continues to grow, evolve, and target businesses of all sizes. As reported by the FBI in June, the scam had hit more than 22,000 victims for a...more

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