Fraud Solutions: Fraud News Update 03.09.17

Fraud News Update

Fraud News Update 03.09.17 – This week’s edition features: Black Market (data 4 sale), DOJ Guidelines (corporate compliance), Anatomy of an Attack (wordpress websites), Internal Investigations (preserving privilege), Data Privacy (what your car says about you) and Highlights (from our recent social media feed).

As leaders in the fraud consulting arena, read on for more topical information and our insights, observations and unique commentary on some of the weekly fraud news stories.

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Fraud News Update 03.09.17New Age Classified Ads: Data 4 Sale

It wasn’t that long ago when one could go to the Classified section of any newspaper in the country and find just about any thing one could imagine for sale.

However, newspapers are quickly becoming a thing of the past (like dinosaurs) as are many of their more well-known features…like comic strips and classified ads. Traditional print publications are being replaced by digital news sources and for many legitimate sellers, sites like Ebay have picked up where the Classified ads left off.

But what about the truly bad actors? Today’s big data breach environment has created job security for them. Stolen data is being increasingly bought, sold, traded or bartered on black market websites and the rash of recent breaches continues to fuel the underground economy.

It’s a supply and demand world and data’s a commodity. Those who have it are sellers…those who don’t are buyers. Not really comforting to know that their wares are YOUR personally identifiable information, is it?!

Fraud News Update 03.09.17Corporate Compliance Guidelines

On February 8, 2017, the U.S. Department of Justice released new guidelines that “prosecutors may ask when evaluating a company’s compliance program in the context of a criminal investigation.

Given the constantly changing fraud, legal and regulatory landscape, companies would be wise to review these guidelines to ensure their compliance programs are currently robust enough before getting caught in the government’s crosshairs down the road.

The U.S. government’s giving everyone advance warning so there’s absolutely no reason not to review now. This is like being given the answers to the test by the professor before you take it! Fail at your own risk!

Fraud News Update 03.09.17Anatomy of a Website Attack

It seems like everyone’s a specialist these days…doctors, lawyers, fraud professionals, etc. Everyone has a niche, something they do often or better than anyone else.  The same holds true with cybercriminals.

WordPress is a common platform for website development so it stands to reason that the bad actors have taken notice of that technology trend and seek to exploit WP vulnerabilities whenever possible.

Knowing that’s one thing, seeing it in print is another. So, when this piece showed up in my inbox the other day detailing the anatomy of an organized crime rings WP attack, it caught my attention. See the focus on attack methods, volumes, financial benefits, legal retribution, hosting locations and the money trail. Interesting read.

Fraud News Update 03.09.17Internal Investigations – Preserving Privilege

Internal investigations like those involving False Claims Act (FCA) violations can be challenging. Besides getting the facts, investigators and in-house lawyers must take care to get it right, ensuring that legal protections, like attorney client privilege are preserved.

Here’s a quick look at some of the important considerations that lawyers and investigators should follow during FCA cases. Most of these suggestions generally apply in other types of cases as well so it’s a good refresher.

Fraud News Update 03.09.17Data Privacy – What Your Auto Says About You

Compared to the cars of yesteryear which were easy to open up the hood and work on, today’s high-end cars are controlled by computers, circuit boards and sophisticated electronics. The increased implementation of technology in cars makes it harder for the average weekend mechanic to fix their own car, a fact which is generating increased service revenue for local dealerships.

On board technology which governs a car’s performance generates data. Add to that, wi-fi along with increased IOT technology and it’s “data palooza” coming from your vehicle.

With this kind of data generating technology, if you have any kind of privacy expectation while driving your car, fa-get about it! Privacy has “gone out the window” (Pun intended).

Highlights From Last Week’s Social Media Feed:

Ohio man’s pacemaker data may betray him in arson, insurance fraud case

Insurance in a connected world: What we can do today for a better tomorrow

How In-House Lawyers Can Protect the Company From Social Media Risk

Go-Pro video leads to conviction of auto insurance fraud suspect

FBI Official: Feds Can’t Compete With Top Tech Companies for Cybersecurity Analysts