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In June 2016, AmSurg Corp. and Envision Healthcare Holdings, Inc. (Envision) announced they have signed a definitive merger agreement pursuant to which the companies will combine in an all-stock transaction. Upon completion of the merger, which is expected to be tax-free to the shareholders of both organizations, the combined company will be named Envision Healthcare Corporation and co-headquartered in Nashville, Tennessee and Greenwood Village, Colorado. The company's common stock is expected to trade on the New York Stock Exchange under the ticker symbol: EVHC. Bass, Berry & Sims served as lead counsel on the transaction, led by Jim Jenkins. Read more.

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Inside the FCA blogInside the FCA blog features ongoing updates related to the False Claims Act (FCA), including insight on the latest legal decisions, regulatory developments and FCA settlements. The blog provides timely updates for corporate boards, directors, compliance managers, general counsel and other parties interested in the organizational impact and legal developments stemming from issues potentially giving rise to FCA liability.

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Privacy Perils: Beware New Hacker Scheme Requesting Employee W-2 Information

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March 25, 2016

During the past few weeks, many companies have been targeted by an email phishing scheme that has resulted in the disclosure of employees' confidential personal information. In this latest scheme, cybercriminals pose as company executives in an email targeted at members of the company's human resources (HR), accounting or payroll departments. In the email, the alleged executive requests employees' personal information, particularly W-2 or payroll information. The fraud perpetrator then uses that personal information to file fraudulent tax returns, and receive improper tax refunds, in the name of the employee.

To prevent falling victim to this scheme, you should quickly alert your employees and staff members, especially those in HR, accounting and payroll, to closely scrutinize any request for personal information. At a minimum, we recommend that you inform employees and staff members to do the following if a suspicious email is received:

  1. call the sender of the email requesting the information and verify that he or she indeed made the request (e.g., if the email appears to come from "Jane Doe, CEO," call Jane Doe to verify before sending any requested information); and
  2. rather than replying to the original email, only send the requested information by composing a new email message to a known email address for the sender (e.g., compose an email to Jane Doe, using her known email address from the company directory).

Disclosing sensitive and valuable information can cause significant costs and expenses triggered by federal and state data privacy and security laws, including the costs of complying with data breach notification requirements. To read more about this latest scheme, read the alert issued by the IRS or the client alert distributed yesterday by Bass, Berry & Sims.

UPDATE: A prominent and highly-respected law firm announced on Wednesday, April 6, 2016 it too had fallen victim to the "W-2 Phishing Scam" sweeping the country. The announcement re-emphasizes the point that no person or company is immune from a data breach. Even the most formidable and sophisticated firewalls and software cannot prevent a resourceful "black hat." The first line of cyberliability defense is a knowledgeable and wary workforce. Dedicated cybersecurity education, targeted training and individual vigilance are a hacker's worst enemy.

Privacy Perils imageCheck out our series, Privacy Perils, to learn what steps you can take to guard your personal and company data. For more information about this topic and other cyber security concerns, please contact Bob Brewer, Tony McFarland, Elizabeth Warren or a member of our Privacy & Data Security team.

 


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