The Impact of Business Email Compromise in the Bankruptcy Arena: Strategies and Tools to Protect Bankruptcy Participants
Hosted by the Bankruptcy Litigation, Commercial & Regulatory Law and Financial Advisor and Investment Banking Committees
The bankruptcy process requires the management of the bankruptcy estate’s bank accounts, client accounts and business records, in addition to the management and processing of claims, claim distributions, adequate assurance deposit accounts, asset recovery, and many other financial and legal demands. Each one of these is a point of business email compromise (BEC) vulnerability. BEC attacks are the most costly form of cyberfraud for all businesses. This session focuses on best practices to use to protect your clients and yourself from this pervasive fraud. The panelists also address bankruptcy-specific issues and tactics, with FBI agent discussions regarding the latest threat intelligence and prevention strategies.