The SEC's Special Report on Business Email Compromises: What It Means and What You Should Do

The U.S. Securities and Exchange Commission (SEC) has joined the government chorus in sounding the alarm about the rapid rise in "business email compromises" that are victimizing organizations across industry sectors. On October 16, 2018, the SEC released a "Report of Investigation" calling for public companies to reassess their internal accounting controls "in light of emerging risks, including risks arising from cyber-related frauds." In particular, the report focuses on certain types of "business email compromises" (BECs), in which a bad actor uses spoofed or compromised email accounts to trick an organization's personnel into effectuating wire transfers to financial accounts controlled by fraudsters.

In this webinar, we will discuss the SEC report and how companies can best guard against falling victim to fraudulent email scams, including:

• Key takeaways from the SEC’s report

• The implications for public companies, including potential enforcement actions and litigation

• Steps to prevent BECs and steps to take when responding to BECs 

Speakers

M. Norman Goldberger
Practice Leader, Securities Enforcement and Corporate Governance Litigation

Edward J. McAndrew
Co-Practice Leader, Privacy and Data Security

John C. Grugan
Partner, Securities Enforcement and Corporate Governance Litigation

Peter W. Hennessey
Partner, Securities and Capital Markets

This program is open to Ballard Spahr clients and prospective clients. There is no cost to attend. This program is not eligible for CLE credits.

Please register at least two days before the webinar. For more information, contact Daniel Martin at martind@ballardspahr.com.