Michael Kim, Randall Arthur, and Kelly Spatola Provide 5 Steps for Victims of Email Fraud to Trace and Recover Stolen Assets
June 27, 2016
Publication: Legaltech News
In an article published in Legaltech News, the authors offer a step-by-step guide of what a victim of email fraud should do to increase chances of recovery, including how to immediately freeze the funds, notify counsel, and work with local authorities. Email fraud — which typically involves hacking into a company’s IT systems and using spoof communications to induce an employee of the company to initiate unauthorized international wire transfers — has affected individuals in all 50 states across the U.S. and in 79 countries globally, with the funds often ending up in Hong Kong, China, or Eastern European and/or African countries.
The article, titled “5 Steps for Victims of Email Fraud to Trace and Recover Stolen Assets,” can be read here.