MYCPE ONE

Business Email Compromise (BEC) fraud 3 Credits 3 Credits

Apr 06, 2026, 02:00 PM EDT

Business Email Compromise (BEC) fraud 3 Credits 3 Credits

  • Victor Hartman

    | JD, CPA/CFF, CFE

  • Rating

    4.7

  • Published on

    February, 2026

  • Subject Area

    Specialized Knowledge

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Apr 06, 2026, 02:00 PM EDT

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AI Review Summary

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Learning Objectives

  • Discuss how business email compromise fraud schemes operate.
  • Identify parties involved in BEC fraud and their responsibilities.
  • Analyze liability outcomes under UCC, EFTA, and banking rules.
  • Explain how courts assign fault using real BEC cases.
  • Differentiate effective response actions within the critical recovery window.

Course Overview

Business Email Compromise (BEC) fraud is no longer just an IT problem, it is a financial, legal, and operational crisis that continues to drain billions of dollars from businesses and individuals every year. A single spoofed email or hacked inbox can redirect legitimate payments to fraudsters in minutes. When the money is gone, the most pressing question becomes: who bears the risk of loss? The payor, the payee, the bank, or someone else entirely? This CPE course opens by breaking down how BEC fraud works, why it is so effective, and why traditional controls often fail.

The course then moves into the legal and liability framework surrounding BEC incidents. You will explore the roles of payors, payees, originating banks, beneficiary banks, money mules, and fraudsters, along with the payment methods most often exploited. Key laws and rules, including UCC Article 4A, EFTA, Regulation E, and NACHA requirements, are explained using real-world cases that show how courts assign liability. The course also highlights common defenses, misdescription of beneficiary issues, and why banks often prevail in litigation.

Major Topics:

  • Business Email Compromise Risks
  • BEC Fraud Schemes
  • Payment Methods Exposure
  • Legal Liability Framework
  • Victim Response Strategies

The CPE course focuses on response strategies and prevention. You will examine the critical 72-hour window after a fraud is discovered, proper victim response steps, and practical controls that reduce exposure. By the end, participants will clearly understand BEC liability risks and how to better protect organizations before and after an attack, making this course essential for today’s financial professionals.

On Demand Credits for All Qualifications

Live Webinar Credits for All Qualifications

License details Credits Status
Specialized Knowledge for Certified Public Accountants (CPA-US) 3 CPE Approved
Fraud risks for Certified Internal Auditors (CIA) 3 CPE Eligible
Fraud Auditing and Forensic Accounting for Certified Fraud Examiner (CFE) 3 CPE Eligible
Risk-based Internal Audit for Certification in Risk Management Assurance (CRMA) 3 CPE Eligible
Fraud prevention, detection and response for Certified Financial Forensics (CFF) 3 CPD Eligible
Specialized Knowledge for Delaware Licensed Public Accountant (DE-LPA) 3 CPE Approved
Fraud risks for Internal Audit Practitioner (IAP) 3 CPE Eligible
Fraud Auditing and Forensic Accounting for Certified Internal Controls Auditor (CICA) 3 CPE Eligible
Business Fraud and Deterrence for Master Analyst In Financial Forensics (MAFF) 3 CPE Eligible
Fraud risks for Qualification in Internal Audit Leadership (QIAL) 3 CPE Eligible
Specialized Knowledge for Iowa Licensed Public Accountant (IA-LPA) 3 CPE Approved
Specialized Knowledge for Maine Licensed Public Accountant (ME-LPA) 3 CPE Approved
Fraud Auditing and Forensic Accounting for Certified Controls Specialist (CCS) 3 CPE Eligible
License details Credits Status
Specialized Knowledge for Certified Public Accountants (CPA-US) 3 CPE Approved
Fraud risks for Certified Internal Auditors (CIA) 3 CPE Eligible
Fraud Auditing and Forensic Accounting for Certified Fraud Examiner (CFE) 3 CPE Eligible
Audit Risk for Certification in Risk Management Assurance (CRMA) 3 CPE Eligible
Fraud prevention, detection and response for Certified Financial Forensics (CFF) 3 CPD Eligible
Specialized Knowledge for Delaware Licensed Public Accountant (DE-LPA) 3 CPE Approved
Fraud risks for Internal Audit Practitioner (IAP) 3 CPE Eligible
Fraud Auditing and Forensic Accounting for Certified Internal Controls Auditor (CICA) 3 CPE Eligible
Business Fraud and Deterrence for Master Analyst In Financial Forensics (MAFF) 3 CPE Eligible
Specialized Knowledge for Iowa Licensed Public Accountant (IA-LPA) 3 CPE Approved
Specialized Knowledge for Maine Licensed Public Accountant (ME-LPA) 3 CPE Approved
Fraud Auditing and Forensic Accounting for Certified Controls Specialist (CCS) 3 CPE Eligible

Additional Information

Credits

3

Credits

3

Course Level

Advanced

Instructional Method

QAS Self Study

Group Internet Based

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Looking to meet your Certified Fraud Examiner (CFE) CPE requirements? MYCPE ONE has you covered with online CFE CPE courses designed to help you earn valuable credits while boosting your skills in fraud examination and prevention. Explore a variety of expert-led courses on forensic accounting, fraud detection, and more, keeping you up-to-date with the latest industry trends and best practices. Start today and take a confident step forward in your career as a Certified Fraud Examiner with MYCPE ONE by your side!



About Instructor

Victor Hartman

Victor Hartman | JD, CPA/CFF, CFE

Principal, National Whistleblower Center

  • 4.6
  • rating
  • rating
  • rating
  • rating
  • rating
Vic Hartman is the Principal of The Hartman Firm, LLC, and a member of the Behavioral Forensics Group, LLC. He is a veteran FBI Special Agent of 25 years, an attorney, CPA, author, professor, and practitioner. Vic specializes in internal investigations, forensic accounting, and fraud mitigation consulting.

Vic is active in the forensic accounting and fraud examination community. He teaches a master’s-level forensic accounting course at Georgia State University. He is the author of the book, The Honest Truth About Fraud which he uses in the classroom, webinars, and workshops where he speaks.

He is also the editor of the Fraud Column in New Perspectives, the professional journal of the Association of Healthcare Internal Auditors, and is on the editorial advisory board of the Journal of Forensic and Investigative Accounting.

Vic is a graduate of Emory University’s School of Law. His credentials include being Certified in Financial Forensics by the AICPA and a Certified Fraud Examiner by the ACFE. He is a member of the Society of Former Special Agents of the FBI, and he previously served on the Board of Crime Stoppers Greater Atlanta. Vic is a past Board member of the Atlanta Governing Board of the Office of Inspector General. He is a past two-term President of the Georgia Chapter of the Association of Certified Fraud Examiners (ACFE).

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. Our courses qualify for credits with NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other professional organizations.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses accepted by NASBA and other professional organizations?

MY-CPE LLC courses are accepted for continuing education credit by various professional certification programs, including NASBA, IRS, CFP Board, and HRCI. MY-CPE LLC is also recognized by SHRM to offer Professional Development Credits (PDCs) for SHRM-CP® and SHRM-SCP® recertification activities.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other professional organizations for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. Our courses qualify for credits with NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other professional organizations.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars accepted by NASBA and other Professional Organizations?

MY-CPE LLC courses are accepted for continuing education credit by various professional certification programs, including NASBA, IRS, CFP Board, and HRCI. MY-CPE LLC is also recognized by SHRM to offer Professional Development Credits (PDCs) for SHRM-CP® and SHRM-SCP® recertification activities.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are accepted for compliance and reporting purposes with NASBA, IRS, CFP Board, HRCI, SHRM (for PDCs), Payroll Org, FP Canada, and 25+ other professional organizations.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Reviews and Ratings

out of 5

Excellent (76%)

Very Good (18%)

Average (6%)

Poor

Terrible

JK

Jacqueline Kong, CPA (US)

5

Valuable lessons learnt. I feel more equipped on this topic. Great training-thanks!

CG

Carolyn Gresham, CFE

5

This was an interesting course and the instructor knew the material well.

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Business Email Compromise

Inclusions

  • Multiple Credits

    Multiple Credits

    Earn continuing education credits with flexibility. Choose from live webinars, on-demand courses, e-books, or podcasts to fit your learning style and schedule.

  • Certifications & Reporting

    Certifications & Reporting

    We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days - fastest in the industry.

  • Credit Tracker

    Credit Tracker

    Track and manage your compliance across all 50 states and over 100 designations. Our Credit Tracker keeps your CPE credits and compliance requirements always up-to-date.

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    Certificate Vault

    Certificate Vault to upload, manage, and access certificates earned from various sources and an integrated credit tracker, allowing users to monitor and manage their credits conveniently for compliance.

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