ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Baron & Budd Investigates Potential Cybersecurity Fraud Cases

Whistleblowers who have information about cybersecurity fraud may bring lawsuits under the False Claims Act.

Today, the national law firm Baron & Budd announced that it is dedicating significant resources from its whistleblower practice to investigate allegations of cybersecurity fraud.

The U.S. Department of Justice is making the prosecution of cybersecurity cases a priority with the implementation of the Civil Cyber-Fraud Initiative. When companies contract with the federal government, they are required to abide by certain cybersecurity regulations and standards. These requirements help ensure government information is protected from cyber attacks.

Companies commit cybersecurity fraud when they knowingly or recklessly disregard their obligations to comply with government cybersecurity regulations. Most commonly they will misrepresent the fact that they have not complied with their cybersecurity obligations. Also, companies violate cybersecurity requirements if they are aware of a cybersecurity breach and fail to report it to the federal government.

“Whistleblowers are essential in the identification and investigation of cybersecurity fraud,” said Baron & Budd shareholder, Andrew Miller. “Maintaining the integrity of the federal government’s data and information is critical to the nation’s economic stability and security. Company insiders are well-positioned to know of these critical failures.”

With a proposed cybersecurity budget of $18.7 billion in 2021, the federal government has made cybersecurity issues a top priority and requests the assistance of whistleblowers to come forward with information to aid in the enforcement of cybersecurity fraud.

Whistleblowers who have information that their employer or competitors are intentionally failing to comply with the cybersecurity requirements in their government contracts or committing other types of cybersecurity compliance fraud may bring lawsuits under the False Claims Act (FCA). The FCA allows whistleblowers to receive a portion of the money recovered by the government if the case results in a settlement or a successful verdict.

If you are aware of cybersecurity compliance violations, please contact our whistleblower attorneys for more information about your potential case.

About Baron & Budd, P.C.

Baron & Budd, P.C. is among the largest and most accomplished plaintiffs’ law firms in the country. With more than 45 years of experience, Baron & Budd has the expertise and resources to handle complex litigation throughout the United States. As a law firm that takes pride in remaining at the forefront of litigation, Baron & Budd has spearheaded many significant cases for hundreds of entities and thousands of individuals. Since the firm was founded in 1977, Baron & Budd has achieved substantial national acclaim for its work on cutting-edge litigation, trying hundreds of cases to verdict and settling tens of thousands of cases in areas of litigation as diverse and significant as dangerous and highly addictive pharmaceuticals, defective medical devices, asbestos and mesothelioma, California wildfires and environmental contamination, fraudulent banking practices, e-cigarettes, motor vehicles, federal whistleblower cases, and other consumer fraud issues.

Contacts

Recent Quotes

View More
Symbol Price Change (%)
AMZN  244.41
+0.00 (0.00%)
AAPL  268.47
+0.00 (0.00%)
AMD  233.54
+0.00 (0.00%)
BAC  53.20
+0.00 (0.00%)
GOOG  279.70
+0.00 (0.00%)
META  621.71
+0.00 (0.00%)
MSFT  496.82
+0.00 (0.00%)
NVDA  188.15
+0.00 (0.00%)
ORCL  239.26
+0.00 (0.00%)
TSLA  429.52
+0.00 (0.00%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.