In light of recent bank failures, the Legal Services Corporation (LSC) Office of Inspector General (OIG) is providing this article, outlining steps to be taken should your grantee funds on deposit exceed the Federal Deposit Insurance Corporation's (FDIC's) $250,000 deposit insurance limit.BackgroundBased on multiple news outlets, Silicon Valley Bank (SVB), the 16th-largest U.S. bank with$210 billion in assets, was closed by California regulators on Friday, March 10, 2023, after depositors rushed to withdraw funds over concerns the bank might become insolvent. It is the second largest bank…

In a continuing effort to assist grantees and subgrantees in preventing cyber threats, the Office of Inspector General for the Legal Services Corporation is providing the following guidance to assist grantees in protecting personal data from a cyber-attack.Specifically, the OIG is providing this guidance to help enhance the security of electronically shared personally identifiable information (PII). PII includes information such as name, address, social security number, birth date, bank account and bank routing numbers, and driver's license numbers. Much of this PII is contained in client…

The Office of Inspector General for the Legal Service Corporation (LSC) recently completed a significant investigation involving a diversion of clients for legal services scheme at an LSC grantee. Client diversion occurs when a grantee employee, contractor, or volunteer diverts clients seeking free legal assistance from the grantee to themselves or an associate for personal gain.