The Other Cyberthreat: Business Email Compromise Schemes
Partner David Chaiken, Associate Brea Croteau and Mark Ray, a former special agent with the FBI’s Atlanta Cyber Division, are published in
Law360’s Expert Analysis section for their byline, “The Other Cyberthreat: Business Email Compromise Schemes.” The trio write, “The obsessive focus on large-scale, PII-based data breaches
does a disservice to businesses and consumers because business e-mail compromise schemes represent an equally or even more pervasive and damaging cyber threat.” The article provides an overview of the methods used in such
schemes, explains why they have become increasingly common, and offers some steps for protection. The authors conclude, writing, “The staggering losses caused by business email compromise schemes should be a wake-up call for
organizations that have not yet taken steps to protect themselves from this rapidly growing threat. A new year is always a good time to reassess your organization’s internal controls, training, fraud-detection procedures,
software, and insurance to update and improve your defenses and decrease your vulnerabilities.”