OSAC Nordic Webinar: U.S. Secret Service Update on Business Email Compromise

Together with our fellow Nordic AmChams and the Overseas Security Advisory Council (OSAC), Amcham Finland invites members and invited security professionals to a Nordic webinar,  focusing on one of the most financially damaging cybercrimes, Business Email Compromise (BEC).

Subject matter expert Stephen Dougherty, Forensic Financial Analyst at the U.S. Secret Service Criminal Investigative Division, will discuss how the threat is targeting businesses worldwide at an alarming rate, typically involving phishing emails and social engineering tactics to attack organizations and trick unsuspecting employees.

During the pandemic, the FBI’s 2020 IC3 internet crime report saw a 69% growth in cybercrime, with BEC leading the pack in terms of the costliest to businesses – even outpacing ransomware. According to a 2021 Business Email Compromise Report, of all security incidents suffered by organizations last year, BEC attacks accounted for 50%, resulting in other kinds of threats like loss of data (16%), compromised accounts (36%), and payment fraud (16%).

During the event, Mr. Dougherty will talk about how to best protect your organization from these increasingly dangerous threats.