B. Business Email Compromise: A $12 Billion Global Anti-Money Laundering and Fraud Problem
Date & Time
Tuesday, September 17, 2019, 11:15 AM - 12:00 PM
Kendra Olivares - BB&T
Lukayn Hunsicker - BAE Systems
Andy Collins - Wells Fargo
Business email compromise (email account compromise) is a sophisticated scam targeting both businesses and individuals performing wire transfer payments. These types of scams intersect fraud and money laundering by targeting senior executives and disguising the funds through the movement of multiple shell company accounts. The activity also includes the production or alteration of invoices, identity theft, and impersonation and intrusion to steal other data.
Learn about the dynamics of this seemingly simple scheme to conduct unauthorized transfers of funds and how it is frequently carried out through compromised business email accounts via social engineering or computer intrusion techniques.
Carolina Ballroom D & E