Business Email Compromise and Ransomware - Effects and Mitigation

Duration: 60 Minutes
Cyber frauds affect everyone connected to the internet. They are costly and often times organizations which fall victim weren’t even aware the fraud existed, so they took no steps to minimize their exposure. This course will help prepare individuals for these pervasive forms of fraud and arm them with knowledge.
Business Email Compromise and Ransomware
Instructor: Rayleen M. Pirnie
Product ID: 501711
Objectives of the Presentation
  • Define and understand how both BEC and ransomware attacks occur
  • Identify the impacts these cyber frauds have on an organization
  • Recognize red flags associated with BEC attacks
  • Document sound business practices to compare with the organization’s existing cyber security policy and procedures
  • Record tips to review cyber insurance policies
Why Should you Attend
Cyber frauds continue to drain billions from unsuspecting organizations and consumers around the globe. Business Email Compromise (BEC) and ransomware, are the toughest to avoid and the most costly. The Internet Crime Complaint Center (IC3) recently reported organizations around the world have lost over $3.1 billion to BEC alone. Many researchers believe this loss figure is low. Worldwide ransomware losses are difficult to calculate because there are so many varieties and not all losses are reported. IC3 reports that U.S. victims alone lost $18 million in 15 months to just a single form of ransomware.

In addition to losing money, if the fraud is successful, organizations have to shell out again as an aftermath in the form of thousands more for the loss of productivity, legal fees, technology services, and sometimes to buy credit monitoring services for affected employees and/or customers.

This session will identify these growing attacks, including detailed examples and explanations of both forms of fraud, and sound business practices to minimize your exposure to loss. We will also discuss tips to consider when reviewing cyber security insurance policies since many organizations eventually learned their policy did not cover these forms of fraud.

Areas Covered
  • Business Email Compromise (BEC)
    • Define and provide examples
    • Red flags of a BEC attack
    • Sound business practices to minimize exposure and loss
  • Ransomware
    • Define and provide examples
    • Identify why ransomware is so difficult to prevent
    • Sound business practices to minimize exposure and loss
  • Cyber security insurance policies
Who will Benefit
  • Payments professionals
  • Risk Management professionals
  • Investigators
  • Managers/Management
  • Information Technology
  • Information Security
$300
Recorded Session for one participant
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How it works
Live Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • The webinar joining link, username and password for joining the webinar will be updated on your OCP Account 24 hours prior to the webinar
  • Presentation handouts in Downloadable PDF format will be updated on your OCP Account 24 hours prior to the live session
  • Login to the audio conference on the scheduled date and time
  • Get answers to your queries through interactive Q&A sessions via chat at the end of the session
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account 24 hours after the completion of the session
  • Please let us know your thoughts and views at the end of the webinar, your valuable feedback will help us improve
Recorded Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • Upon purchase of the recorded session a link will be updated on your OCP Account within 24 hours
  • Please click on the link to access the Recorded Session
  • Presentation handouts in downloadable PDF format will be updated on your OCP Account within 24 hours of the purchase of the product
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account after 48 hours of the product Purchase
  • Please share your valuable Feedback at the end of the session
Instructor Profile:
Rayleen is the founder and owner of RP Payments Risk Consulting Services, LLC. based in Missouri. She is a nationally recognized payments risk and fraud expert who offers specialized consulting services, procedural and risk management reviews, and payments education. Rayleen's specialized skill is delving into the world beyond the payment rules; areas where organizations often find themselves in positions of liability or loss with little to no clear guidance. She is an Accredited ACH Professional (AAP) who has worked with all payment systems for nearly 20 years, and a Certified Enterprise Risk Professional (CERP). Rayleen also holds a Bachelor of Science in Criminal Justice Administration.

Her favorite pastimes include gardening with her grandson and reading. She is very active with children's advocacy services in the state of MO and has 4 rescued dogs.
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