2021 Cyber and Technology Risk Management Forum

Business Email Compromise (BEC) Statistics  Internet Crime Complaint Center (IC3)  October 2013 – July 2019  $10 Billion +  Most Common Victim  Real Estate  Payroll  ***No Malware Needed***

U.S.Departmentof Homeland Security United States Secret Service

BEC

 Employee Education  Wire Transfer Policies  Multi-factor authentication for wire authority  Good relationships with banks  Contact law enforcement ASAP if a fraudulent wire transfer has occurred

U.S.Departmentof Homeland Security United States Secret Service