News & Analysis as of

Fraud Cybersecurity

Fraud is the making of false representations or engaging in deceptive behavior in order to unlawfully secure financial or personal gain. 
Fisher Phillips

“Regulate AI Outcomes, Not AI Tools.” Congressman Shares Vision for AI Regulation + 5 Tips for Employers

Fisher Phillips on

Speaking at last week’s FP AI Conference, Congressman Jay Obernolte set out to debunk two misconceptions about artificial intelligence. The first is that AI is largely unregulated. The second is that we need to pass myriad...more

ArentFox Schiff

Investigations Newsletter: Patio Furniture Firm Pays Millions for Dodging Import Duties

ArentFox Schiff on

Patio Furniture Firm Pays Millions for Dodging Import Duties - Grosfillex Inc., a Pennsylvania-based patio furniture company, has agreed to pay $4.9 million to resolve allegations that it violated the False Claims Act...more

Williams Mullen

Email Payment Scams: Assume the Worst

Williams Mullen on

Cybercriminals will continue intercepting electronic fund transfers (EFTs) until EFT participants slow down, read, and ask questions, particularly in response to emails requesting last-minute changes to payment methods (e.g.,...more

Neal, Gerber & Eisenberg LLP

AI and Social Engineering Practice Tips

The hospitality industry faces mounting cybersecurity challenges as artificial intelligence (AI) enables increasingly sophisticated social engineering attacks targeting hotels, resorts, and travel service providers. Threat...more

Proskauer - California Employment Law

Defendant Bore Risk Of Loss Due To Fraud When It Wired Settlement Proceeds To Imposter

Thomas v. Corbyn Restaurant Dev. Corp., 111 Cal. App. 5th 439 (2025) - The parties involved in this personal injury lawsuit settled the case for $475,000. An unknown third-party purporting to be plaintiff’s counsel sent...more

K2 Integrity

Protect Yourself From Banking Phone Scams

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Have you ever received a phone call claiming that your bank account has been compromised? You’re not alone. Banking phone scams are on the rise, and criminals are becoming more convincing by the day....more

Orrick, Herrington & Sutcliffe LLP

CFTC Commissioner discusses AI uses in financial services

On July 14, the Commissioner of the CFTC, Kristin Johnson, spoke at an international regulators roundtable to discuss AI in the financial services sector and emerging cyber risks. The Commissioner’s speech highlighted AI’s...more

Robinson+Cole Data Privacy + Security Insider

June Sees Significant Jump in BECs

According to Cybersecurity Dive, “Americans lost $16.6 billion to cyber fraud and internet crimes last year (2024), up 33% from the previous year. Phishing, spoofing and extortion topped the list of complaints, but investment...more

Clark Hill PLC

Key lessons on the False Claims Act for government contractors after Raytheon’s $8.4 million settlement

Clark Hill PLC on

Government contractors should be on high alert following the recent announcement that Raytheon Company, its parent RTX Corporation, and Nightwing Group, LLC, have agreed to pay $8.4 million to resolve allegations of violating...more

Gordon Rees Scully Mansukhani

July 2025 Government Contracts Legal Update and Podcast

Gordon Rees Scully Mansukhani presents the latest insights from our Government Contracts group, offering a comprehensive overview of recent significant decisions, regulatory changes, and essential updates for businesses...more

BakerHostetler

Weekly Blockchain Blog - July 2025

BakerHostetler on

According to a recent press release, the issuer of the USDC stablecoin has submitted an application to the Office of the Comptroller of the Currency (OCC) to establish a national trust bank, First National Digital Currency...more

Robinson+Cole Data Privacy + Security Insider

What to Know About SafePay Ransomware Group

The SafePay ransomware group has been active since fall 2024 and has increased its activity this spring and summer. According to NCC Group, SafePay hit the most victims of any threat actor in May 2025—it is linked to 248...more

Potomac Law Group, PLLC

Cybercriminals Hit Your Inbox—Now What? Recovering Funds After Business Email Compromise and Fraud Schemes

The global cyber scam industry is a multi-billion dollar racket run by crime syndicates who often operate through massive compounds known as “scam farms” in far flung locations.  On our shores, many businesses fall prey to...more

IR Global

Increase In Fraudulent Business Filings

IR Global on

How Can You Protect Yourself and Your Business? What Is A Fraudulent Business Filing? The phrase is relatively self-explanatory: any business filing obtained, changed, or filed without authorization and/or involving...more

Zelle  LLP

N.M. Cyber Ruling Will Spur Litigation As Coverage Remedy

Zelle LLP on

A June 16 appellate decision involving the construction of a cyberinsurance policy demonstrates a concerning lack of judicial understanding about the nature and scope of cyber liability coverage and implicitly incentivizes...more

Robinson+Cole Data Privacy + Security Insider

Privacy Tip #449 – Scammers Hijacking Websites to Insert Fake Support Number

Malwarebytes recently reported that it has found scammers hijacking websites of name brands, including banks, software companies, and social media platforms to trick victims into calling a fraudulent telephone number instead...more

Womble Bond Dickinson

2025 National Health Care Fraud Takedown Sets Record as Largest in U.S. History, Charging 324 Defendants for Over $14.6 Billion in...

Womble Bond Dickinson on

On June 30, 2025, the Department of Justice announced the results of its 2025 National Health Care Fraud Takedown (“2025 Takedown”). ...more

NAVEX

Watch Out for Hoax Reports to Your Hotline

NAVEX on

We’ve recently been made aware of an increase in anonymous hoax emails and online reports posted to multiple companies through their internal reporting systems. The wording of these posts were identical and alleged violation...more

Thomas Fox - Compliance Evangelist

Great Women in Compliance: GWIC X EC Q2 2025 - Exploring Compliance Innovations

We are back with another GWIC X EC crossover episode. Today we have the quartet of Great Women in Compliance of Kristy Grant-Hart, Karen Moore, Lisa Fine and Hemma Lomax. The GWIC quartet discuss various intriguing topics...more

Robinson+Cole Data Privacy + Security Insider

Privacy Tip #447 – Understanding Cybersquatting

We are seeing an increase in cybersquatting incidents. What is cybersquatting and how can it affect you? According to Sentinel One, cybersquatting, or domain squatting, “involves the registration, selling, or use of an...more

Hogan Lovells

Annual update on .UK domain names suspended for criminal activity

Hogan Lovells on

Nominet, the Registry responsible for running the .UK country code Top-Level Domain (ccTLD), has published its annual report on .UK domain names that have been suspended due to criminal activity. The report covers the 12...more

Jackson Lewis P.C.

The Growing Cyber Risks from AI — and How Organizations Can Fight Back

Jackson Lewis P.C. on

Artificial Intelligence (AI) is transforming businesses—automating tasks, powering analytics, and reshaping customer interactions. But like any powerful tool, AI is a double-edged sword. While some adopt AI for protection,...more

Farella Braun + Martel LLP

Fraud Risks in Nonprofit Organizations: Learning From Real-Life Case Studies

The Washington Post (2013) found that one-sixth of all embezzlement cases in the U.S. involve nonprofit and religious organizations, ranking just behind the financial sector. This statistic is jarring but not entirely...more

Farella Braun + Martel LLP

Which Party Loses Out When Settlement Funds Are Wired to a “Spoofer” and Not Plaintiff?

Answer: the “party in the best position to prevent the fraud.” In the digital age, where cyber-attacks are becoming more sophisticated, all legal professionals should take heed of the recent decision in Thomas v. Corbyn...more

Robinson+Cole Data Privacy + Security Insider

Privacy Tip #446 – Department of Motor Vehicles Warns Drivers About Smishing Text Surge

Smishing schemes involving Departments of Motor Vehicles nationwide have increased. Scammers are sending SMS text messages falsely claiming to be from the DMV that “are designed to deceive recipients into clicking malicious...more

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