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Corporate Counsel: As Cyberattacks on Business Grow, General Counsel Are ‘Thirsty’ for More Details

June 14, 2019

Reports related to cyber suspicious activity have grown to almost 80,000 reports per year, according to Kenneth Blanco, director of the Financial Crimes Enforcement Network, which is housed in the U.S. Treasury Department. Of the 80,000 reports, 13,500 per year are related to suspicious business email alone, up 95% from 2016.

Laurel Rimon, senior counsel at O’Melveny & Myers, focuses on cyber and white-collar crime, and attended the speech. She said she believes the noticeable increase in reported activity is related to a combination of factors, including “the exponential explosion of these events in general,” and companies increasing their security and monitoring to detect events.

Rimon served 15 years in the Department of Justice and was an assistant U.S. attorney.

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