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Email Scams Cybersecurity

Katten Muchin Rosenman LLP

Gone Phishing – Vigilance in the New Scam Era - Kattison Avenue | Issue 12

"Thank you for your order." "We tried delivering your package." We have all seen these subject lines in our inbox, but some are not so innocent. Business impersonation scams are not new, but some of their tricks are. These...more

Ervin Cohen & Jessup LLP

A New Twist on Coverage for Losses From ‘Spoofed’ Emails

The facts are frequently the same. A company that has retained the services of a vendor receives an authentic-looking email from the vendor’s CFO which advises that the vendor has changed its bank account or method of...more

Tarter Krinsky & Drogin LLP

Be Cyber Aware

Hackers commit financial fraud by creating a fake email address mimicking the vendor’s name and emailing accounts payable saying that the vendor’s account information has been changed. Funds are then sent directly to the...more

Ervin Cohen & Jessup LLP

Insurance Coverage for Email Scams

A genuine looking email is sent to a company’s accounts payable department with instructions from its president to pay money to a certain account. The “To” and “From” headers and the signature block look identical to hundreds...more

Constangy, Brooks, Smith & Prophete, LLP

As social engineering email attacks increase in sophistication, employee training and awareness rise to the forefront

The Nigerian prince seems almost quaint. Gone are the days when the Nigerian prince was the only nefarious figure menacing our inboxes. A simple yet elegant scheme – our supposed prince unexpectedly fell upon a large sum...more

Ervin Cohen & Jessup LLP

Email Scam Losses May Find Recourse Via Cyber Or Business Interruption Coverage

Losses arising from email scams are usually covered, if at all, under a company’s crime policy. But a recent decision from The District Court in Minnesota suggests that recourse may also be found under an insured’s cyber or...more

Woodruff Sawyer

Scams and Viruses: Which Email Attachments Are Safe to Open?

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Email scams and viruses are nothing new—threats like phishing emails and malware have been around since the days when services like AOL still dominated the internet and email landscape. However, while technology has made a...more

Bass, Berry & Sims PLC

Privacy Peril: New Invoice – Action Required!

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According to Microsoft, 91% of cyberattacks start with an email. In an earlier Privacy Peril we provided information on prevalent words phishers of men and women insert in an email subject line to grab the recipient’s...more

Holland & Knight LLP

Gmail to Use Verified Trademark Logo Badges to Combat Email Scammers

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In the face of the ever-growing threat of cyberattacks disguised in emails from phishers, impostors and other increasingly sophisticated security scammers, Google has launched a tool to allow organizations to fight back by...more

Fox Rothschild LLP

Beware Of Online Scammers

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The Federal Trade Commission (FTC) has reported a three-fold increase in consumer reports about scams arising on social media since last year as well as a spike around the time the COVID-19 pandemic began. This includes...more

K2 Integrity

Targeted Cyber Frauds in Today’s Global Crisis

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You receive an email saying that due to COVID-19, a number of regularly scheduled meetings are moving to new dates and times. While hovering over the conveniently provided email link to your calendar, you notice the email...more

Neal, Gerber & Eisenberg LLP

Client Alert: High Profile Phishing Incident Demonstrates Continued Need for Social Engineering Insurance

Media outlets recently reported that Barbara Corcoran, one of the judges on the popular ABC show "Shark Tank," was the victim of a "spear phishing" scam....more

Hinshaw & Culbertson LLP

'Tis the Season for Spoofed Greetings

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Risk Management Question - What steps can law firms take to guard against greeting e-card scams? The Issue - Winter is coming, and along with it, your employees may start receiving holiday e-cards on their work...more

Hinshaw & Culbertson LLP

Guarding Against the Chinese Domain Name Email Scam

Risk Management Question - The Canadian Trade Commission recently issued a warning about a new email scam that involves the sender posing as a Chinese registrar company and attempting to convince the receiver that an...more

Bass, Berry & Sims PLC

SEC Issues Report Warning about Fake Email Scams

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On October 16, 2018, the SEC issued a 21(a) report announcing that it had investigated whether certain public companies that were victims of oftentimes unsophisticated, cyber-related frauds had violated federal securities...more

Bass, Berry & Sims PLC

Don’t Let Spoofing Fool You – SEC Says Internal Accounting Controls Should Address Cyber Threats

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On October 16, 2018, the SEC released an Investigative Report detailing recent email spoofing schemes that caused nine public companies to lose a total of nearly $100 million. Building on its February 2018 guidance about the...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

Epiq

How to Avoid Falling Victim to Wire Transfer Fraud

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According to the Association for Financial Professionals’ Payment and Fraud Controls report, 2017 was a record year for payment fraud. The tactics employed by scammers and other malicious outsiders continue to grow more...more

Skadden, Arps, Slate, Meagher & Flom LLP

Privacy & Cybersecurity Update - August 2018

In this month's edition of our Privacy & Cybersecurity Update, we examine Brazil's new data protection regulation, the French data protection authority's warning to two companies of potential GDPR violations and the U.S....more

Jones Day

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

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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

McManis Faulkner

Take the Test: Will You Fall Prey to Phishing? 6 Tips to Identifying an Email Scam

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Email is the driving force of communication. Lawyers often receive over 100 emails a day. It can be easy to overlook potential scams hidden in your inbox. Hopefully, your firm has the proper security protocols in place:...more

Baker Donelson

Closing Attorney Scams: Avoiding Fraudulent Wire Transfers

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As we move into the busy spring real estate cycle, criminals are targeting real estate agents and closing attorneys with increasing frequency. The scam begins with what appears to be a legitimate email from a party involved...more

Seyfarth Shaw LLP

Cybersecurity Best Practices

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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

Dickinson Wright

IRS Warns Tax Professionals to Be Alert About New Email Scam As 2016 Filing Season Begins

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The Internal Revenue Service has warned tax professionals, as the 2016 filing season begins, to be alert to a new email scam by cybercriminals posing as clients soliciting their services. The scam is a variation of a...more

Bond Schoeneck & King PLLC

Cybersecurity and Data Privacy: FBI Issues Public Service Announcement About Recent E-Mail Scam Targeting Businesses (6/16)

On June 14, 2016, the Federal Bureau of Investigation (FBI) issued a public service announcement relating to a recent surge in ‘business e-mail compromise’ (BEC) scams, which are sophisticated scams that target businesses...more

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