News & Analysis as of

Fraud Information Technology

Fraud is the making of false representations or engaging in deceptive behavior in order to unlawfully secure financial or personal gain. 
Fisher Phillips

North Korean Scammers are Posing as IT Freelancers: Here’s How You Can Protect Your Business

Fisher Phillips on

Businesses should be aware of growing security risks from North Korean IT workers targeting freelance contracts from businesses in the U.S. and other countries. Typically, these workers fraudulently claim they are from the US...more

Mayer Brown Free Writings + Perspectives

FINRA Publishes 2025 Annual Regulatory Oversight Report

The Financial Industry Regulatory Authority, Inc. (“FINRA”) published its 2025 FINRA Annual Regulatory Oversight Report (the “Report”), which builds on the structure and content of FINRA’s prior reports for 2021-2024. This...more

StoneTurn

Do You Know Who Your Employee Is? Mitigating DPRK IT Worker Risk

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North Korean IT operatives are infiltrating U.S. and Western companies using stolen or fabricated identities, VPNs, and U.S.-based co-conspirators to gain unauthorized access to corporate systems. These insider threats pose...more

DLA Piper

Federal Investigators Continue Their Focus on Procurement

DLA Piper on

A flurry of federal prosecutorial activity in late 2024, as well as a statement from several institutional stakeholders in a key federal initiative to combat procurement fraud, provided a valuable reminder for government...more

Alston & Bird

North Korean IT Remote Worker Fraud Scheme Data Security and Employment Law Impact

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The recent indictment of 14 North Korean nationals for fraudulently obtaining remote IT jobs with U.S.-based companies underscores the importance of vigilant hiring practices. Our Privacy, Cyber & Data Strategy and...more

Wiley Rein LLP

Continued Remote Hiring Concerns in IT Sector: What to Look for in 2025 and How to Mitigate Business Risk

Wiley Rein LLP on

Remote worker fraud is expected to continue to proliferate in 2025. Fully remote hiring and work, particularly in the technology sector, continues to pose unique business and legal risks for companies. Just in December 2024,...more

Sheppard Mullin Richter & Hampton LLP

DOJ Indicts 14 North Korean Nationals in Major Fraudulent IT Worker Scheme

In a significant development, the Department of Justice (DOJ) indicted 14 North Korean nationals on December 11, 2024 for their involvement in a sophisticated scheme to defraud U.S. companies and violate international...more

Alston & Bird

DOJ Continues to Investigate and Prosecute North Korean IT Worker Fraud Scheme

Alston & Bird on

On Thursday, August 8, 2024, the United States Department of Justice (“DOJ”) announced that it had charged a Nashville man for his alleged role in assisting the Democratic People’s Republic of Korea (“DPRK” or “North Korea”)...more

White & Case LLP

The SEC’s Charges Against SolarWinds and its Chief Information Security Officer Provide Important Cybersecurity Lessons for Public...

White & Case LLP on

On October 30, 2023, the US Securities and Exchange Commission ("SEC") announced that it filed charges against SolarWinds Corp. ("SolarWinds" or the "Company") and its Chief Information Security Officer ("CISO") in connection...more

HaystackID

[Webcast Transcript] M365 for Law Firms and Lawyers: Purview Premium eDiscovery and Security, Capabilities and War Stories

HaystackID on

Editor’s Note: In a rapidly evolving technological landscape, understanding the capabilities and limitations of platforms like Microsoft 365 (M365) is crucial for law firms, especially in the realms of eDiscovery and...more

StoneTurn

Tips to Avoid the Common Fraudster: Lessons from Corporate Investigations

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With scams evolving and growing in volume and maturity, it is more important than ever before to be vigilant about what information is available to nefarious actors. This article provides common scam scenarios, tips for...more

StoneTurn

Technology and Data Can be Powerful Fraud Investigative Tools or Create Massive Headaches. Need an Advil?

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Multi-national organizations battle fraud and corruption risks daily given the size, scale, and complexities of their businesses, increased regulation and enforcement, and challenges preparing for a post-pandemic fraud...more

Awatif Mohammad Shoqi Advocates & Legal...

What are the Punishments for Beggars and Unlicensed Charities in the UAE?

The United Arab Emirates has strict laws against begging and fundraising through unlicensed charities, which have been introduced and amended to preserve the image of the UAE, fight begging and organized begging, prevent...more

Wiley Rein LLP

2021 FCA Recoveries Bounce Back from Decade-Low . . . Maybe

Wiley Rein LLP on

On February 1, the U.S. Department of Justice (DOJ) announced the second-largest annual total recoveries in the history of the False Claims Act (FCA)—$5.6 billion—for FY 2021 (October 2020 – September 2021)...more

Jones Day

DOJ Announces Civil Cyber-Fraud Initiative

Jones Day on

The U.S. Department of Justice announces an initiative targeting cybersecurity-related fraud by government contractors and grant recipients. On October 6, 2021, the U.S. Department of Justice ("DOJ") announced a new Civil...more

Jenner & Block

New Civil Cyber-Fraud Initiative Uses False Claims Act to Enforce Cybersecurity Requirements

Jenner & Block on

The Department of Justice (DOJ) announced this week a new Civil Cyber-Fraud initiative which will use the False Claims Act (FCA) to enforce government contract cybersecurity requirements. The initiative will be led by the...more

Lighthouse

Does Cellular 5G Equal 5x the Fraud and Misconduct Risk?

Lighthouse on

Increased cellular speed through mobile devices offer increased opportunity for fraudsters to circumvent corporate IT controls by using shadow IT platforms to infiltrate proprietary and confidential data at scale, wreak havoc...more

Robinson+Cole Data Privacy + Security Insider

Privacy Tip #67 – Don’t Fall for Telemarketing Schemes Offering to Fix Your Computer

I received a call last week on my home land line and when I picked it up (hardly anyone I want to actually talk to calls my home telephone number) the caller on the other end informed me that he was from “Microsoft 10,” that...more

Cozen O'Connor

Claim For Fraudulent Wire Transfer Under Commercial Crime Policy Found to be Covered, Although Denial Not In Bad Faith

Cozen O'Connor on

Principle Solutions Group, LLC, an information technology company, lost $1.717 million when it became the victim of a fraud scheme for which it sought coverage under the terms of a commercial crime policy issued by Ironshore...more

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