Cyber Alert: Business Email Compromise Schemes Increasing

We’ve all heard the sad story: A transaction is about to close. The buyer is preparing to wire funds to the seller. Unbeknownst to the buyer, a hacker has hijacked the parties’ email communications to replace the wiring instructions with phony instructions to send the wire to the hacker’s bank account. The buyer wires the funds to the hacker......
By: Porter Hedges LLP

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