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Online Banking's Battle Against Phishing
Online banking, which has seen explosive growth in recent years, has made it faster, cheaper, and more convenient than ever before for consumers to manage their financial affairs. It also holds the promise of significant cost savings for the financial services industry, as rising numbers of customers are expected to shift from over-the-counter services to online transactions.
Yet the adoption of Internet banking may be impeded if consumers lose trust in the security of online financial transactions. And while the reputation of online commerce has been affected by various high-profile data security breaches, such as the 2005 Choice-Point debacle, consumer confidence in online banking is also threatened by 'phishing,' the insidious form of identity theft that uses fraudulent e-mails to lure victims to sham Web sites, where they are tricked into divulging ac-count numbers, passwords, and other sensitive information. Al-though there has been a sharp rise in the volume of phishing scams, and the techniques employed by 'phishers' have grown more so-phisticated, banks and other entities have also become increasingly adept at detecting and combating phishing attacks. As this article discusses, there are a variety of steps that financial institutions can take to mitigate the risks posed by phishing and, at the same time, bolster their customers' online confidence.
New York's Latest Cybersecurity Commitment
On Aug. 9, 2023, Gov. Kathy Hochul introduced New York's inaugural comprehensive cybersecurity strategy. In sum, the plan aims to update government networks, bolster county-level digital defenses, and regulate critical infrastructure.
The DOJ's Corporate Enforcement Policy: One Year Later
The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.
How AI Has Affected PR
When we consider how the use of AI affects legal PR and communications, we have to look at it as an industrywide global phenomenon. A recent online conference provided an overview of the latest AI trends in public relations, and specifically, the impact of AI on communications. Here are some of the key points and takeaways from several of the speakers, who provided current best practices, tips, concerns and case studies.
Use of Deferred Prosecution Agreements In White Collar Investigations
This article discusses the practical and policy reasons for the use of DPAs and NPAs in white-collar criminal investigations, and considers the NDAA's new reporting provision and its relationship with other efforts to enhance transparency in DOJ decision-making.