Recent Cyber Fraud Convictions Stress Importance Of Ensuring Proper Corporate Accounting & Cyber Compliance Procedures

In 2019, the Federal Bureau of Investigation (“FBI”) estimated that business email compromises, often carried out via email scams that trick businesses into making wire payments, have caused an estimated $1.7 billion in losses for businesses that fell victim to these schemes, which amounts to the highest out-of-pocket losses incurred from any class of cybercrime......
By: Vinson & Elkins LLP

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