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Hackers Today's Popular Updates Business E-Mail Compromise (BEC)

HaystackID

[Webcast Transcript] Anatomy of a Business Email Compromise

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Editor’s Note: This webcast brings together some of HaystackID’s top experts to dissect the intricacies of Business Email Compromise (BEC) attacks—a rapidly growing threat impacting organizations globally. During the...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

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

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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

Stoel Rives - Global Privacy & Security Blog®

Cyber Risk Update for Construction Companies

Scammers are always seeking new ways to target victims for Business Email Compromise (BEC) scams, where they leverage email to try to convince you to give them credentials, send them confidential information like W2s, send...more

Ballard Spahr LLP

FinCEN Director Blanco Addresses “Cyber Hygiene”

Ballard Spahr LLP on

FinCEN Director Kenneth A. Blanco delivered prepared remarks on September 24 at the 2019 Federal Identity (FedID) Forum and Exposition in Tampa, Florida. Director Blanco summarized the topics of his remarks by stating the...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

McGuireWoods LLP

Sixth Circuit Finds Coverage Under Crime Policy for Business Email Compromise

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For the second time in ten days, a federal appeals court ruled a crime insurance policy provides coverage for losses arising from a business email compromise. In American Tooling Center, Inc. v. Travelers Casualty and Surety...more

White and Williams LLP

Second Circuit Holds Phishing Email Using PHP Script is Covered “Computer Fraud”

Scams from business compromise emails (BECs) have been labeled by the FBI as a “$5 billion” problem. Sometimes known as “CEO Fraud,” BECs are where an email, purportedly coming from a high-ranking company official or vendor,...more

Jones Day

DOJ's Business Email Compromise Takedown Illustrates Pervasiveness of Internet Fraud Schemes

Jones Day on

On June 12, 2018, the U.S. Department of Justice announced the internationally coordinated arrests of 74 individuals involved in a series of multimillion-dollar business email compromise schemes ("BEC"). Although these...more

Orrick, Herrington & Sutcliffe LLP

Five Coverage Tips from Recent E-mail Scam Insurance Decisions

The number of decisions considering claims for insurance coverage resulting from Business Email Compromise (“BEC”) scams has been increasing, providing policyholders with some hope, and some clarity, in this muddy area....more

Miles & Stockbridge P.C.

The Sophisticated Hack: Business Email Compromise

Gone are the days of the overtly suspicious request from a Nigerian prince asking for your social security number or a friend needing a loan to get out of jail in a foreign country. These easily recognizable hacking attempts...more

Orrick, Herrington & Sutcliffe LLP

Business E-mail Compromise Scam v2.0

In March, we reported on the Business E-mail Compromise (BEC) scam where criminals target employees responsible for wiring company money, and trick them into wiring money under false pretenses to fraudulent accounts...more

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