News & Analysis as of

Fraud › Phishing Scams › Financial Crimes

Fraud is the making of false representations or engaging in deceptive behavior in order to unlawfully secure financial or personal gain. 
Robinson+Cole Data Privacy + Security Insider

June Sees Significant Jump in BECs

Robinson+Cole Data Privacy + Security Insider on

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

Troutman Pepper Locke

The FTC Shines Its Spotlight on the Top Text Scams of 2024

Troutman Pepper Locke on

As technology advances, so do the tactics of scammers. The Federal Trade Commission (FTC) recently released a data spotlight on the top text scams of 2024, revealing a significant increase in financial losses despite a...more

Holland & Knight LLP

Fourth Circuit Limits Beneficiary Bank Liability in BEC Schemes, Requires Actual Knowledge

Holland & Knight LLP on

Business email compromise (BEC) fraud, driven by technology and increasing sophistication by criminal organizations, has become a major issue for both consumers and financial institutions. According to a September 2024...more

Troutman Pepper Locke

Need for Enhanced Cybersecurity in Public Finance — Cyberthieves Steal Bond Proceeds

Troutman Pepper Locke on

Recent events highlight the need for enhanced cybersecurity protocols in government offices across the U.S. In late November 2024, the Township of White Lake in Michigan, intended to issue approximately $29 million in general...more

Ankura

Combatting Financial Crime in the Metaverse

Ankura on

...The internet-enabled virtual world of the metaverse is capturing the imagination of so many people that by the end of the decade five billion could be using it, according to a forecast by Citi. The metaverse is also...more

5 Results
 / 
View per page
Page: of 1

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
Sign up Log in
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide