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BP Won’t Recoup Hacker Investigation Costs as Victim Restitution | #employeefraud | #recruitment | #corporatesecurity | #businesssecurity | #


BP PLC won’t recover $550,000 for helping law enforcement identify a former employee who made an unsuccessful hacking-related extortion attempt because a federal restitution law isn’t that expansive, the Fifth Circuit said Wednesday.

BP’s digital security team incurred the expenses in 2017 while working with the FBI to identify the person threatening to release personally identifying information of employees if he wasn’t paid off in cryptocurrency.

The teamwork revealed that the “foreign hacker” was actually a Chicago-based employee. He pleaded guilty to one count of wire fraud and was sentenced to two years in prison.

The trial judge was wrong,…

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