News & Analysis as of

Spoofing Cyber Crimes Cybersecurity

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

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

Goodwin

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

Goodwin on

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

Porter Hedges LLP on

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

Epstein Becker & Green

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

Epstein Becker & Green on

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

Cozen O'Connor

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

Cozen O'Connor on

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

Troutman Pepper Locke

Testing the Limits – Cyber Coverage Litigation Update

Troutman Pepper Locke on

The growing percentage of businesses that purchase cyber security and data privacy insurance portends a growing number of claims and, inevitably, litigation over some of those claims. Wells Fargo’s 2015 Cyber Security and...more

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