Bill Siegel

Cincinnati, Florida

Vice President and General Manager at WPTV-TV (West Palm Beach, FL)

Vice President and General Manager at WHDT-TV (Palm City, FL)

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Articles

Debts For A Partner's Or Agent's Fraud Are Still Nondischargeable, Regardless Of Culpability Of The Innocent Debtor

2 months ago | mondaq.com | Bill Siegel

In a unanimous decision, the U.S. Supreme Court in Bartenwerfer v. Buckley,598 U.S. 69 (2023), found that an innocent partner having noknowledge of the fraud committed by his partner can still be foundto have committed fraud based on one partner being the agent of theother.
Will Law Enforcement success against ransomware continue in 2025?

2 months ago | securityboulevard.com | Bill Siegel

Throughout 2024, law enforcement agencies worldwide intensified their fight against cybercrime, leading to significant arrests and takedowns of major cybercriminal groups. Q4 alone saw a substantial flurry of actions. On October 1, 2024, authorities arrested four individuals linked to the notorious LockBit ransomware gang, including a developer, a bulletproof hosting service administrator, and two other affiliates.
Misleading Metrics: Unraveling Ransom Payment Statistics in Australia

Dec 3, 2024 | securityboulevard.com | Bill Siegel

A recent Australian Financial Review (AFR) article, citing a report by a specialist advisory firm exemplifies the ongoing challenge that victims face in obtaining meaningful, reliable data on ransomware. At Coveware, we pioneered the rigorous collection of first-hand data to understand ransomware incidents, and we feel compelled to speak out when misleading information is widely distributed.
Law enforcement doxxing raises risk profile for threat actors

Nov 2, 2024 | securityboulevard.com | Bill Siegel

Law Enforcement Doxxing Payment Rates Types of Ransomware Attack Vectors & TTPs Victimology You could hear the cybersecurity product marketing departments groan in collective disgust following the unmasking and sanctioning of further members of the 'Evil Corp' ransomware group. The Law Enforcement actions unmasked not only the identities of these threat actors, but that they are in fact, pretty normal humans. Who wouldn't want to hug a baby cheetah? Color us guilty.
Critical Vendor Treatment In Bankruptcy

Sep 19, 2024 | mondaq.com | Bill Siegel

Oftentimes in a Chapter 11 bankruptcy case, a payment of a vendor's pre-petition claim can be overlooked. Yet, if a vendor is regarded as being "critical," the vendor can leverage this status to enforce its pre-petition claim and to be paid throughout the bankruptcy.
Does A Bankruptcy Discharge Protect The Debtor's Alter Ego ?

Sep 4, 2024 | mondaq.com | Bill Siegel

When a debtor receives a bankruptcy discharge, section 524(a) of the U.S. Bankruptcy Code prohibits a creditor from seeking to collect a prepetition debt against the discharged debtor or its property. Importantly, the discharge does not extinguish the debt—it merely limits recourse against the discharged debtor. Section 524(e), however, provides that the discharge does not affect the liability of non-debtors for the discharged debt.
Ransomware actors pivot away from major brands in Q2 2024

Jul 30, 2024 | securityboulevard.com | Bill Siegel

Unaffiliated Branding Payment Rates Types of Ransomware Payment Trends Attack Vectors & TTPs Industries Impacted In the second quarter of 2024, we observed a large increase in attacks that appeared to have unaffiliated branding attribution. Branding attribution includes aspects of the attack that bind the attacker to a specific brand of ransomware (e.g., Lockbit, Black Basta).
Vendor Rights Under Sections 502(b)(9) And 546(c) Of The Bankruptcy Code

Jun 10, 2024 | mondaq.com | Bill Siegel

There are two provisions of the Bankruptcy Code that incentivize creditors to continue to work with financially distressed debtors — Sections 503(b)(9) and 546(c). These two sections apply to creditors who remain unpaid at the time of bankruptcy, and also give them options to take certain actions to increase their likelihood to be paid (§503(b)(9)) or to recover their goods (§546(c)).
Beware - Innocent Directors Found Responsible For Single Director's Fraud - Directors and Officers - United States

May 9, 2024 | mondaq.com | Bill Siegel

In an opinion out of the United States Bankruptcy Court for Delaware, known as the In re Cyber Litigation, No. 20-12702, 2023 Bankr. LEXIS 2584, 2023 WL 6938144 (Bankr. D. Del. Oct. 19, 2023), innocent directors were found to have defrauded investors based on one director having cooked the books and being in control of the Board of Directors.
Groundbreaking U.S. Corporate Transparency Act And What Business Owners Should Know

May 2, 2024 | mondaq.com | Bill Siegel |Casey Erick

Some of you may have heard about the bi-partisan passage of the Corporate Transparency Act (the "CTA") which became law and went into effect on January 1, 2024.