News & Analysis as of

Spoofing Cyber Crimes

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

Robinson+Cole Data Privacy + Security Insider

Threat Groups Using Translation Tools in Phishing Attacks

It used to be that one of the sure ways to identify a phishing email was to notice grammatical errors or broken English in the text of the communication. Thanks to new translation tools like Google Translate, that are...more

Orrick, Herrington & Sutcliffe LLP

Credit union to pay $558,000 in cyber fraud case

On January 12, the U.S. District Court for the Eastern District of Virginia ruled that a credit union (defendant) is responsible for $558,000 in compensatory damages for processing a payment order that was allegedly induced...more

Wiley Rein LLP

Wireless Roundup (November 2022)

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SEC Requests Comment on Incident Reporting NPRM for Certain Filings Affected by Technical Glitch: On October 18, the Securities and Exchange Commission (SEC) published a Notice announcing it has re-opened for 14 days the...more

Esquire Deposition Solutions, LLC

Staying Secure in the New Hybrid Workplace

Most observers believe that the legal profession is rapidly moving toward so-called “hybrid workplaces,” a term office managers use to describe a mixed-work environment that spans brick-and-mortar law offices, home offices,...more

Baker Donelson

Leveraging Intellectual Property to Mitigate Web Spoofing, Phishing Attacks, and other Deliberate Acts of Confusion on the...

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While phishing has been around for years, cybercriminals continue to become more sophisticated and their fraud schemes more robust and well-orchestrated. Website spoofing – where a cybercriminal sets up a fake website that...more

Goodwin

Gone Phishing? Wire Fraud Scams Continue Unabated Throughout 2021 So Far

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By this point, most businesses that regularly send and receive funds electronically have heard about the risk of wire fraud scams in which an intruder changes wiring instructions and diverts funds to its own account,...more

Porter Hedges LLP

Cyber Alert: Business Email Compromise Schemes Increasing

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We’ve all heard the sad story: A transaction is about to close. The buyer is preparing to wire funds to the seller. Unbeknownst to the buyer, a hacker has hijacked the parties’ email communications to replace the wiring...more

Robinson+Cole Data Privacy + Security Insider

Privacy Tip #263 – Fake Emails and Texts Spoofing UPS and FedEx

Cyber criminals are taking advantage of the increase in online holiday shopping due to the pandemic. They know people are buying gifts online and sending the packages to the recipients. Often, the recipients do not know they...more

Epstein Becker & Green

Cyber Coverage in the Age of COVID-19 Need Not Result in Pandemonium

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While businesses and their employees continue to operate in the “new frontier” of working-from-home during the COVID-19 pandemic and the gradual reopening of the economy, a serious risk continues to present itself: the threat...more

Zelle  LLP

Conflicts in Circuits’ Approach to Email Scams Hold Lessons

Zelle LLP on

With unprecedented activity online, cybercrime is growing in frequency, sophistication and aggregate effect. Despite the increased visibility of cybercrime, cybersecurity continues to lag behind this curve. Cybercriminals...more

McGuireWoods LLP

*Chime* It’s an Email from Your Favorite Outside Counsel, or Is It?

McGuireWoods LLP on

While customer data breaches are garnering a lot of media attention, a subtler but equally problematic cybercrime is slowly on the rise – domain spoofing. In this context, cybercriminals are registering domain names that are...more

A&O Shearman

Can a Cyber Breach Be a Violation of Internal Controls? The SEC Says, ‘Maybe’

A&O Shearman on

On October 16, 2018, the Securities and Exchange Commission (SEC) issued a report outlining an investigation conducted by the SEC’s Division of Enforcement related to the internal accounting controls at nine public companies...more

Perkins Coie

SEC 21(a) Report Warns Public Company Email Scam Victims of Bigger Problems Than Stolen Money

Perkins Coie on

Known by many names, including business email compromise fraud, CEO or CFO fraud, impersonation attacks, or “Man-in-the-Email” scams, cyber-related frauds involving spoofed or otherwise compromised business electronic...more

Akin Gump Strauss Hauer & Feld LLP

SEC Warns Companies of Potential Internal Accounting Control Violations with Business Email Compromise

• The SEC issued guidance in the form of a rare “21(a) report” this week after investigating a series of email frauds impacting 9 unnamed companies. • These email-based frauds, referred to as “CEO scams” or “vendor scams,”...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

Skadden, Arps, Slate, Meagher & Flom LLP

Privacy & Cybersecurity Update - March 2018

In this month's edition of our Privacy & Cybersecurity Update, we discuss all 50 states now having data breach notification laws, state attorneys general and their opposition to a federal data breach notification law, the FBI...more

Mintz - Privacy & Cybersecurity Viewpoints

Court Holds Crime Policy Covers Business Compromise Email Loss

The “business compromise email” is what the FBI calls the “$5 billion scam,” but apparently an insurance company did not agree with an insured company that they had been the victim of a crime....more

Fisher Phillips

Defending Against Social Engineering Attacks

Fisher Phillips on

The term “social engineering” used to conjure up images of social scientists with Ph.D’s brainstorming ways to improve race relations or provide lower income groups with greater access to education and employment...more

Jackson Lewis P.C.

IRS Issues Warning About W-2 Cyber-Scams, Especially for Schools, Nonprofits and Tribal Organizations

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On February 2, 2017, the IRS issued a warning to all employers regarding the resurgence of a W-2 based cyber scam. The scam, which targets the corporate world during tax season, is currently “spreading to other sectors,...more

Ballard Spahr LLP

IRS and Others Renew Warnings About Fraudulent Emails Targeting Employee Tax Information

Ballard Spahr LLP on

With tax season in full swing, the Internal Revenue Service (IRS), state tax agencies, and tax industry groups recently renewed a warning about Form W-2 email spear-phishing scams. ...more

Cozen O'Connor

Phishing and Spoofing Scams — A Few Tips to Protect Yourself and Your Business

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The phone rings. The caller ID says it’s your attorney’s office. When you answer, you are told you owe your attorney additional money and are directed to call a toll-free number. When you call the number, you are told how...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

Bryan Cave Leighton Paisner

How Employers Can Help Prevent W-2's From Being Breached and Their Employees From Becoming Victims of ID Theft

The Internal Revenue Service issued an alert about an emerging phishing email scheme that purports to be from company executives and requests personal information on employees. The IRS has learned this scheme – part of...more

BakerHostetler

New Take on Old Phishing Scam Wreaking Havoc on HR Departments

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From would-be Nigerian princes to foreign lottery officials, cybercriminals have been known to assume all sorts of false identities to carry out email phishing scams that trick unsuspecting consumers into clicking on...more

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