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Business Email Compromise
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The consequences of a cyberattack can be catastrophic, as we saw in the previous blog of this series. Cybersecurity is a business-wide responsibility that demands a proactive strategy extending far beyond technical solutions...more
‘Tis the season for the hustle and bustle of year-end holiday activities. With that comes the increased risk of cybercriminals exploiting the season to find vulnerabilities. This includes taking advantage of increased online...more
As Cybersecurity Awareness Month wraps up, it’s worth mentioning that employee security awareness training is an ongoing process. Employee error remains a significant contributing factor in data breaches. According to the...more
The New York Department of Financial Services (NYDFS) continues to be a major player in data security enforcement. On Oct. 18, 2022, NYDFS announced that it had entered into a consent order with EyeMed Vision Care LLC...more
Email scams and viruses are nothing new—threats like phishing emails and malware have been around since the days when services like AOL still dominated the internet and email landscape. However, while technology has made a...more
Cybercrime is at an all-time high, with just the cybercrime insurance industry alone expecting to grow from $8 billion globally in 2020 to $20 billion by 2025.1 Although cyber liability insurance policies now exist to help...more
Where We Stand - This year kicks off against the backdrop of the security flaw found in Log4j, a system-logging code library widely used in applications and services across the Internet. In the aftermath of this crisis, a...more
According to Microsoft, 91% of cyberattacks start with an email. In an earlier Privacy Peril we provided information on prevalent words phishers of men and women insert in an email subject line to grab the recipient’s...more
Legal Cybersecurity - One of the core advantages that drives parties to arbitrate is the promise of confidentiality. Unlike public court proceedings, arbitrations provide parties with a private forum through which to air and...more
Businesses are facing this system hack with ever-increasing frequency: An accounts payable employee receives new or updated payment instructions from a vendor via email. The email appears to be from a familiar counterpart at...more
After the killing of Qassem Soleimani on January 3, 2020, by the U.S. government, the cybersecurity news industry has been abuzz about whether Iran will engage in cyber terrorism, and if so, to what degree, as part of its...more
In this month's edition of our Privacy & Cybersecurity Update, we take a look at guidance on artificial intelligence released by the U.K. Information Commissioner's Office and the Turing Institute, as well as guidance...more
By now, you’ve heard a horror story or two about ransomware. The city of Baltimore’s tale stands out. After cyber-criminals attacked the city’s servers and applications, they demanded $76,000 to decrypt the affected files....more
With the holiday season fast-approaching, thrifty shoppers across the country will soon be looking to spend (and save) their hard-earned money during what is arguably the busiest shopping weekend of the year, spanning Black...more
The bad news first. An estimated 3.5 million cybersecurity positions will be unfilled globally by 2021.* Leaving data security entirely up to the professionals isn’t a viable option. Like it or not we’re all on the...more
In this month's edition of our Privacy & Cybersecurity Update, we examine the California attorney general's draft regulations on the California Consumer Privacy Act, the CJEU's clarified rulings on the use of cookies, the...more
Business Email Compromise (BEC) is a growing cybercrime epidemic, with staggering losses to businesses and organizations of all sizes. BEC is a scheme in which an attacker uses fraudulent email to impersonate an executive,...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
The United States Treasury Department came out with a report last week that concludes that business email compromises (BEC) are costing U.S. companies more than $301 million per month. The report confirms that the two...more
Criminal masterminds are constantly re-envisioning their weapon of choice. International cyberattacks perpetuated through the use of leaked nation-state cyber tools, shaped many security discussions in 2018, but a new year...more
For several years now, we’ve been alerting employers about the dangers of phishing scams that attempt to obtain private and personal information from employers... Many of these scams rear their ugly head around tax season,...more
Privacy and cybersecurity risks continue to emerge for organizations large and small. While by no means exhaustive, we briefly discuss some key issues that organizations may need to focus on in 2019 and beyond....more
The English High Court will adopt flexible and innovative approaches to help victims of cybercrime obtain remedies against defendants who are either unknown or refuse to engage in proceedings. The court confirmed its...more
Cybercrime is an ever-increasing threat from which manufacturers are not immune. Although reliable statistics are not available, one particular type of scheme that seems to be on the rise is vendor payment fraud. In cases of...more