Phishing and social engineering attacks to divert wire transfers or invoice payments are not new fraud techniques, but they have recently taken a back seat to ransomware as posing the greatest cyberthreat to businesses. However, over the past few weeks, we have seen a surge in new matters where the fact pattern is the same as … Continue Reading
BakerHostetler began publishing its Data Security Incident Response Report in 2015. Although we were the first law firm to do so, inspiration for the report came from similar reports that cybersecurity firms issue. We will be publishing our 2017 Report on April 13, 2017, containing statistics and insights from the 450+ incidents we led clients … Continue Reading
Hi-Tech Corporate bank accounts continue to be targeted by criminals who use various forms of malware to gain access to the account and then wire money out of the account. One variation of these cyberattacks occurs in the form of a virus that captures corporate online banking credentials combined with a DDoS attack against the … Continue Reading