News & Analysis as of

Email Wire Fraud Federal Bureau of Investigation

Ogletree, Deakins, Nash, Smoak & Stewart,...

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

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

Latham & Watkins LLP

The Pervasive Threat of Business Email Compromise Fraud - and How to Prevent It

Latham & Watkins LLP on

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

Holland & Hart LLP

3 Tips to Protect Real Estate Agents & Firms from Cybercrime

Holland & Hart LLP on

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

Epiq

How to Avoid Falling Victim to Wire Transfer Fraud

Epiq on

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

Troutman Pepper Locke

[Webinar] Business E-mail Compromise Scams - Practical Perspectives - January 12th, 10:30am EST

Troutman Pepper Locke on

An increasing number of businesses are targeted by very sophisticated email scams designed to convince company employees responsible for executing financial transactions to wire funds to overseas accounts controlled by...more

Patterson Belknap Webb & Tyler LLP

Government Seeks Civil Forfeiture of Funds Stolen in Business E-Mail Fraud

On April 14, 2016, the U.S. Attorney for the Southern District of New York filed a civil forfeiture action seeking to recover nearly $100 million stolen from an unidentified U.S. company through a form of wire fraud or...more

Robinson+Cole Data Privacy + Security Insider

FBI issues another warning of a “dramatic increase” in phishing spoofs of CEOs

We have consistently reported about increased phishing attacks through emails that purport to come from high level executives, including CEOs. According to the FBI, the hackers use sophisticated social engineering to spoof...more

Troutman Pepper Locke

Hackers Continue to Perpetrate Wire Transfer Fraud Scams on a Global Scale

Troutman Pepper Locke on

An increasing number of businesses continue to be targeted by very sophisticated email scams designed to convince company employees responsible for executing financial transactions to wire funds to overseas accounts...more

Carlton Fields

Spoofing Whales: How Companies Can Protect Their CEOs and CFOs from the "Business Email Compromise”

Carlton Fields on

Cyber scammers continually innovate new means to extract valuable information from unsuspecting victims. And a new form of cyber fraud is exploiting the close relationship between CEOs and CFOs. Identifying this threat — and...more

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