Introduction The year 2023 promises to be exciting for Fintech. On the upside, the web 3.0 economy is poised for significant growth as decentralization favors creatives and community with its lower costs and lower barriers to entry infrastructure. The downside will come in the form of more lawsuits, regulatory uncertainty, perpetuation of scams, and operating […]
Ocean Tomo Insights
Critical Issues in Cyber Incident Response: What Happens After a Ransom Payment is Made
Introduction Ransomware trends – specifically related to frequency, cost, and payout – should no longer surprise us. We depend on technology more and more, integrating it into every aspect of our lives. As for data management, there is simply more to handle. We continually create it. Furthermore, payments continue to be made1 – with 65%2 […]
Forensic Accounting & Financial Investigations: The Layered Approach
Introduction: Taking the Layered Approach There’s a maxim in forensic accounting that investigations take twice as long as anticipated, yet the final report appears to have taken half the time. There are progressive layers in a forensic investigation that may need to be followed to reach a defensible conclusion. Each layer allows for the milestones […]
Cyber Security & Business Interruption: Foundations for Prevention and Mitigation
Introduction The modern security ecosystem is diverse and ever-changing, a place where cyber risk is top of mind for leaders at all levels, and threats to information / data security and privacy evolve at the speed of the technical innovations driving progress. Within this dynamic ecosystem, we are increasingly connected across the globe, where organizations […]
Expert Testimony Insights on Trade Secrets
In a matter involving misappropriation of trade secrets related to software tools used in the healthcare industry, Syntel Sterling Best Shores Mauritius Ltd. v. Trizetto Grp., Inc., 68 F.4th 792, the Court of Appeals for the Second Circuit’s (“Second Circuit”) Order identified factors that may guide the recovery of damages based on avoided costs under […]
Litigation Surge From the Use of Tracking Technology & the Sharing of Healthcare and Personal Data
Introduction: Tracking Software in the Healthcare Industry Privacy-related concerns have become increasingly prominent in recent years, especially with the widespread use of third-party tracking tools such as tracking pixels, cookies, and mobile attribution tied to website-related mobile device applications. In fact, in July 2023 the U.S. Department of Health and Human Services (HHS), Office for […]
Detecting Fraud Using Emerging Technology: Don’t Be Afraid to Innovate
Introduction In today’s rapidly evolving digital landscape, fraud and financial crime have become an increasingly complex and pervasive issue for organizations, big and small, global, and domestic. Fortunately, advanced technology and artificial intelligence (AI) have emerged as invaluable tools in the fight against malfeasance. By leveraging sophisticated algorithms, data analytics, and machine learning capabilities, combined […]
The Importance of Cybersecurity in the Online Sports Betting Industry
Introduction Online sports betting has become a booming industry in recent years, with millions of people placing bets and wagers from their phones and computers. Ever since Murphy v. NCAA1, the 2018 case in which the United States Supreme Court struck down a federal ban on state-sponsored sports betting, online sports gambling has increased dramatically. […]