Archived Webinar

Tricks of the Cyber-Trade: Email Compromise Fraud Schemes

Red Flags for Business Email Compromise & Email Account Compromise

Originally Presented: October 5, 2016

Business Email Compromise (BEC) and Email Account Compromise (EAC) are among the growing trends of cyber-enabled crime adversely affecting financial institutions — with $3.1 billion worldwide in exposed dollar losses — as noted in the recent FinCEN advisory to Financial Institutions on E-Mail Compromise Fraud Schemes.

This educational webinar discusses the impact of these cyber-enabled crimes on your institution and your customers, takes a deep dive into Email Compromise Scenarios, and reviews strategies to detect, investigate and report these fraud schemes.

Highlights of this educational webinar include:

  • Overview of the recent guidance from FinCEN and the impact of Email Fraud and other cyber-enabled crimes on financial institutions and their customers.
  • Discussion on the types of Email Compromise Schemes, and how BEC and EAC differ from account takeover activity.
  • Deep dive into BEC/EAC scenarios and how cyber criminals can impersonate or mislead your customers to execute their unlawful transactions.
  • Review of Red Flags and indicators for detecting BEC and EAC Fraud.
  • Detailed walk-through of an Email Compromise Scenario, including how to detect, investigate and report on unauthorized transactions such as fraudulent wire transfers, initiated through a compromised email.
  •   Account Takeover
  •   ACH Fraud
  •   Business Email Compromise
  •   Cybercrime
  •   Fraud Scams
  •   Red Flags
  •   Wire Fraud

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