Earlier today I attended a monthly committee meeting to discuss the current cybersecurity threat landscape. This is a small group that meets around a conference table, somewhat informally, and consists of members of federal and state law enforcement as well as a few individuals in the private sector who are involved in cybersecurity. Those of us in the private sector generally adhere to the old adage that you have two ears and one mouth for a reason.
According to those who know, the #1 cybersecurity threat to businesses in the Dallas-Fort Worth Metroplex at this time continues to be the business email compromise. This has been going around for a while and usually involves amounts around the $100,000 range. Here is an excellent FBI resource on this issue.
What is important to know is, if this happens to your business, the FBI has had some limited success in capturing the funds in cases where they are brought in within a day or two of the money being wired. Obviously, the sooner they get involved, the better the chances are, so do not delay.
Shawn Tuma (@shawnetuma) is a business lawyer with an internationally recognized reputation in cybersecurity, computer fraud and data privacy law. He is a Cybersecurity & Data Protection Partner at Scheef & Stone, LLP, a full-service commercial law firm in Texas that represents businesses of all sizes throughout the United States and, through its Mackrell International network, around the world.