This Public Service Announcement (PSA) is an update for the Business E-mail Compromise (BEC) PSA I-012215-PSA posted on www.IC3.gov and includes new information and updated statistical data as of August 2015. DEFINITION Business Email Compromise (BEC) is defined as a sophisticated scam targeting businesses working with foreign suppliers and/or businesses that regularly perform wire transfer payments. The…
Category: Business Sector
Manager at Video Game Maker Accused of Trade Secret Theft
Danny Yadron reports: A manager at a maker of a popular videogame was arrested last week as he tried to board a plane for Beijing after allegedly stealing trade secrets, according to a federal criminal complaint unsealed Tuesday. Jing Zeng, 42 years old, of San Ramon, Calif., allegedly downloaded data on how users interact with Game of…
Casad Company Inc. Suffers Data Breach
ASI reports: Ohio-based Casad Company Inc., which runs the website totallypromotional.com, was the victim of a data breach in June and July, with hackers accessing the names, mailing and email addresses, and credit and debit card information for an undisclosed number of customers, according to documents posted online by the Office of the Attorney General…
In Wyndham, the FTC won a battle but perhaps lost its data security war
Gus Hurwitz has a slightly different take on the Third Circuit’s opinion in FTC v. Wyndham. On the issue of notice, he writes, in part: The court goes on to find that Wyndham had sufficient notice of the requirements of Section 5 under the standard that applies to judicial interpretations of statutes. And it expressly notes…
Ninth Circuit overturns CFAA verdicts for misusing databases
Orin Kerr writes: The Ninth Circuit has handed down United States v. Christensen, a case that touches on a bunch of computer crime issues that include the scope of the Computer Fraud and Abuse Act (CFAA). The court overturned CFAA convictions for employee misuse of a sensitive database. I think that result is correct, although I’m…
Banks’ Class Certification Motion Trumpets Target Data Security Failings, Ignores Impact of Card Association Settlements
Kevin M. McGinty of Mintz Levin writes: Card-issuing banks are forging ahead with their lawsuit against Target arising from the 2013 holiday shopping season data breach. Their July 1 motion for class certification has just been unsealed, allowing a glimpse at plaintiffs’ version of the events during November and December 2013 that resulted in theft of payment…