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Your company’s talent is its lifeblood. Job postings for qualified individuals and other recruitment activities are vital to its operations. What happens, then, when scammers disrupt your business by conducting phishing...more
Phishing has long been a favorite tactic for threat actors (hackers) to commence a cyberattack. The rapid expansion of more adaptable and available artificial intelligence (AI) technologies, such as natural language...more
The FBI has announced that university aerospace researchers, both foreign and in the U.S., have become a target of a specific phishing scheme that is being conducted by threat actors. Specifically, researchers with access to...more
Fight back against this major cyber threat. Business Email Compromise is one of the greatest cyber threats to businesses of all sizes and industries, particularly those involved in regular wire transfers of funds....more
As updated statistics from the FBI’s Internet Crime Complaint Center show, business email compromise (BEC) schemes increasingly put funds transfers at risk. Between June 2016 and December 2021, reported exposed dollar loss...more
The FBI has reported that an email system was compromised and used to send out thousands of fraudulent emails about a fake cybercrime investigation to over 100,000 inboxes....more
We’ve all heard the sad story: A transaction is about to close. The buyer is preparing to wire funds to the seller. Unbeknownst to the buyer, a hacker has hijacked the parties’ email communications to replace the wiring...more
Report on Patient Privacy 21, no. 4 (April 2021) - A Texas Medicaid subcontractor has been terminated after a data breach caused by a ransomware attack originating from Russia exposed the personal information of tens of...more
CYBERSECURITY - GAO Report Identifies Need for DOE to Address Risks to Electrical Distribution System - The United States Government Accountability Office (GAO) recently completed and published a study on electricity...more
State and local governments have been hammered with business email compromise (BEC) attacks over the past few years and the onslaught does not appear to be abating....more
U.S. hospitals, already on the front lines of fighting the coronavirus pandemic, are now facing viral attacks by cybercriminals. More than 20 U.S. hospitals and health care organizations have reported their data being held...more
In 2019, the Federal Bureau of Investigation (“FBI”) estimated that business email compromises, often carried out via email scams that trick businesses into making wire payments, have caused an estimated $1.7 billion in...more
The Federal Trade Commission (FTC) has reported a three-fold increase in consumer reports about scams arising on social media since last year as well as a spike around the time the COVID-19 pandemic began. This includes...more
- Utah Pathology Services, based in Salt Lake City, has reported a data breach involving approximately 112,000 patients. According to the medical practice’s “Notice of Data Incident,” the practice learned June 30 that “an...more
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
Eliminating the risk of business email compromise (BEC) attacks requires all parties to a financial transaction to pay close attention to email security, financial controls, and communication protocols. Key Points: ...more
Report on Patient Privacy 20, no. 2 (February 2020) - A ruling from Georgia’s highest state court could set a precedent that determines recourse for victims of cyberattacks. The Georgia Supreme Court ruled in late December...more
The Security Summit, consisting of the Internal Revenue Service (“IRS”), state tax agencies, and private-sector tax industry officials, is encouraging tax professionals during the 2019 summer season to take some time to...more
Did you know Americans lost nearly $150 million dollars to real estate internet scams last year? That makes real estate cyber crime a greater risk to Americans than identity theft ($100 million in losses) or credit card fraud...more
Payroll Threats and Protecting Personal Information - In case you have not been checking the FBI warnings (I realize those are unusual words for a benefits person), you and your employees should know of one of such...more
According to the Association for Financial Professionals’ Payment and Fraud Controls report, 2017 was a record year for payment fraud. The tactics employed by scammers and other malicious outsiders continue to grow more...more
In a recent Public Service Announcement dated February 21, 2018 entitled “Increase in W-2 Phishing Campaigns,” the Federal Bureau of Investigations (FBI) issued another alert about an increase in phishing campaigns since the...more
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
The FBI and Department of Homeland Security issued a joint statement on October 20 warning of an increased danger of a malicious “multi-stage intrusion campaign” to critical infrastructure industries, including the energy...more
The Internal Revenue Service (IRS) has issued a warning alerting the public to a new email phishing scam that looks like a joint notice from the IRS and FBI about new tax laws....more