Cyber Impersonators are doubling down on phishing attacks and other business email compromises. This threat is very real in the real estate and construction industries thousands of dollars are wired daily for closing and progress payments to sellers, contractors, and suppliers.
Once the cybercriminal has the funds, can you claw back the money? What role does insurance play in reimbursement and which party benefits? What does the law or your contract say, if anything, about which party bears responsibility and the risk?
This presentation provides key takeaways including:
- Prevention techniques to avoid becoming a victim of cybercriminals in the real estate and construction industry.
- Contractual techniques addressing risk of cybertheft or cyber payment.
- The role of insurance.
- A litigation update about how courts are resolving these disputes.
Join Privacy and Cybersecurity Partner Elizabeth Rogers, who specializes in risk mitigation and response to cybersecurity threats and breaches, and Partner Roy Wagner, Leader of Michael Best's Construction Practice for this very topical discussion.
Click here to view a recording of the presentation.