Financial Institutions, Data Breach, Email

OCC Notifies Congress of Major Email System Security Breach

Troutman Pepper Locke on 4/11/2025

On April 8, the Office of the Comptroller of the Currency (OCC) officially notified Congress of a significant information security incident involving its email system. This notification, mandated by the Federal Information...more

Failure to Safeguard, Two Cyber Intrusions, and an $850,000 SEC Settlement

Jackson Lewis P.C. on 9/19/2024

Virtually all organizations have an obligation to safeguard their personal data against unauthorized access or use. Failure to comply with such obligations can lead to significant financial and reputational harm. In a...more

Botnet Necurs Turns Its Focus On Banks

Robinson+Cole Data Privacy + Security Insider on 8/21/2018

Just days after the FBI issued a private warning to the banking industry, the botnet network known as Necurs began a spamming campaign that targeted the banking industry. The activity was discovered by the security research...more

Follow the Money and Beware the Extra “L”: First Department Sustains Claims against Fund Administrator After Hackers Grab Millions

Patterson Belknap Webb & Tyler LLP on 7/28/2017

A legal feud is underway between the world’s biggest hedge fund administrator and a former client over an email scam that resulted in hackers stealing millions in client funds. And not surprisingly, the time-honored...more

Does Your Insurance Cover Phishing Attacks and Business Email Compromise? The Uncertainty Continues…

Orrick, Herrington & Sutcliffe LLP on 11/3/2016

The coverage landscape for “Business E-mail Compromise” (BEC) scams remains somewhat tenuous, as organizations and carriers continue to battle in court over the extent of coverage. Although recent positive,...more

How Many Times Do We Have to Tell You Not to Open the Cat Video

Bryan Cave Leighton Paisner on 4/12/2016

Everyone has been in a movie theater when one of the actors approaches that door to the basement behind which strange noises are coming. They reach out to turn the knob and in unison the audience is thinking “Fool, haven’t...more