News & Analysis as of

Scams

How Corporations Can Stay Vigilant Against Online Banking Fraud – Lessons from Recent Court Judgments

by Morgan Lewis on

Due to the general flexibility granted to banks by their standard account opening terms, corporate victims of online banking frauds often face substantial hurdles in court in their attempts to recover the sums lost from the...more

FTC Accuses Student Loan Debt Relief Operation of Deceiving Consumers

by Goodwin on

?On February 7, 2018, the Federal Trade Commission (“FTC”) announced an enforcement action against a student loan debt relief operation, claiming it deceived consumers out of $28 million by falsely promising that their...more

Data Privacy + Cybersecurity Insider - February 2018

by Robinson & Cole LLP on

Allscripts Healthcare Solutions Inc. notified its electronic medical record customers last week that a ransomware attack was behind the disruption of service for medical providers. Please see full Publication below for...more

Business Litigation Alert: "SEC Cracking Down on Cryptocurrency Scams"

by Porter Hedges LLP on

Cryptocurrency (e.g. Bitcoin) seems to be in the news on practically a daily basis, with people racing to get in on the latest investment trend and companies investigating how to best incorporate cryptocurrency and block...more

Privacy Tip #124 – FTC Alerts Consumers to Social Security Administration Scammers

The Federal Trade Commission (FTC) issued a scam alert this week notifying consumers that it has received an up-tick in complaints that scammers are calling consumers claiming they are from the Social Security Administration....more

FTC Wins Default Judgment Against Prize Scam Defendants

The Federal Trade Commission (FTC) put an end to a phony prize scam with a default judgment entered by a California federal court judge in a case that was part of an international law enforcement initiative against mass-mail...more

The SEC and Plaintiffs’ Class Action Attorneys Are Targeting Initial Coin Offerings

by Fenwick & West LLP on

Issuers and other professionals participating in Initial Coin Offerings — widely known as ICOs — are facing the increasing threat of both U.S. Securities Exchange Commission enforcement actions and private class action suits...more

Data Privacy + Cybersecurity Insider - January 2018

by Robinson & Cole LLP on

Now is the Busy Season for Cyber Criminals Posing as Executives to Obtain W-2s - It’s the start of tax season, and many employers are sending W-2 forms to employees so they can get ready to file their tax returns. As was...more

2017’s Bad Guys in Energy

by Gray Reed & McGraw on

Once again we look back at the continuing cavalcade of crooks, criminals, miscreants and, to put it kindly, morons the less intellectually gifted, who met justice face-to-face in 2017. This year’s class includes a preacher,...more

Protect Yourself From Year-End Charitable Giving Scams

December is traditionally a busy month for charitable giving, as many donors are inspired by the holiday season to give generously to those in need, while others look to make year-end gifts that will qualify for a tax...more

FTC Files Complaint to Stop Alleged Credit Card Interest-rate Reduction Scam

by Weiner Brodsky Kider PC on

The FTC recently filed a complaint in federal district court in Florida to stop an alleged credit card interest-rate reduction scam.  In its complaint, the FTC alleges that the operation deceived numerous consumers struggling...more

The SEC’s Cyber Unit Files Its First Complaint Against an “Initial Coin Offering”

by Burr & Forman on

Implemented in September, the Securities Exchange Commission’s (“SEC”) Cyber Unit has brought its first enforcement action against an “Initial Coin Offering” (“ICO”) called PlexCoin. ICOs, which are listed on digital...more

Despite Equifax Breach Causes, Social Engineering Still Biggest Threat to Data Security

by LeClairRyan on

It’s now been widely reported that the cause of the recent Equifax data breach, which compromised the personal data of perhaps as many as 143 million people, was the result of the company’s alleged failure to apply a patch to...more

SEC Files Emergency Action to Halt Alleged ICO Scam

by Perkins Coie on

On Friday, December 1, 2017, the SEC filed an emergency action in federal district court in Brooklyn alleging that Dominic Lacroix and Sabrina Paradis-Roger, both from Quebec, Canada, raised approximately $15 million in a...more

UK Payment Systems Regulator Consults on Reimbursement of Victims of Payment Scams

by Shearman & Sterling LLP on

The UK Payment Systems Regulator has published a report on the initiatives it has engaged in with banks, the payment systems industry and the Financial Conduct Authority to prevent or mitigate harm to consumers from scams...more

Florida Federal Court Affirms FTC’s Available Remedies

Disgorgement and refunds are remedies available to the Federal Trade Commission, a Florida federal court ruled in a case involving a purported time-share scam....more

FTC Launches ‘Game of Loans’ Initiative

Deceptive student loan debt relief scams are the target of a new coordinated federal-state law enforcement initiative led by the Federal Trade Commission (FTC)....more

USCIS Issues Scam Alert for Employers

by Shipman & Goodwin LLP on

U.S. Citizenship and Immigration Services (USCIS) is warning that some employers are receiving scam emails requesting Form I-9 information. The emails appear to come from USCIS, from a fraudulent email address:...more

11th Circuit Affirms FTC's $13.5 Million Judgment Against Mortgage Relief Fraudster

by Ballard Spahr LLP on

On November 2, 2017, the U.S. Court of Appeals for the 11th Circuit affirmed a $13.5 million judgment that the FTC obtained against a group of individuals, law firms, and related entities that engaged in a massive nationwide...more

Do Not Respond To Emails Requesting I-9 Information

by Jackson Lewis P.C. on

The USCIS has issued the following notice regarding scam emails requesting I-9 information:- USCIS has learned that employers have received scam emails requesting Form I-9 information that appear to come from USCIS....more

Post No Bills

by Allen Matkins on

Planning for a congregational picnic this Sunday past, a local Lutheran church sought permission to use the neighboring Catholic church’s parking lot. The Catholic church graciously agreed to allow the use of its lot...more

Privacy Tip #108 – October is National Cybersecurity Awareness Month: Beware of Scam Netflix Email

Happy National Cybersecurity Awareness Month. I wish it was more uplifting than the current state of affairs, but it has never been so important. ...more

Cybersecurity Best Practices

by Seyfarth Shaw LLP on

When you bring to mind someone “hacking” a computer one of the images that likely comes up is a screen of complex code designed to crack through your security technology. Whereas there is a technological element to every...more

EO Update: e-News for Charities & Nonprofits

by Bryan Cave on

The IRS is providing several types of tax relief for those affected by hurricanes hitting Texas, Florida, Georgia, Puerto Rico and the U.S. Virgin Islands. We’re monitoring the situation closely to resolve potential tax...more

SIM Swap Scams Targeting Cryptocurrency Investors

by Revision Legal on

SIM swap scams are nothing new. Telecommunications providers such as Verizon, AT&T, T-Mobile, and Sprint have been aware for over ten years that unauthorized third parties regularly attempt to obtain access to customer...more

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Cybersecurity

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