Business Email Compromise: Prevention and Verification to Mitigate Loss

Course Description

The COVID pandemic has changed the way of the business and the business execution. However, perpetrators have tried to make the best of this situation. Business email compromise has been one of the most utilized approaches by the perpetrators.  

Business email compromise attacks are a form of cyber-crime. It uses email fraud to attack the commercial, government, and non-profit organizations to achieve a specific outcome that negatively impacts the target organization. It is designed to impersonate senior executives and trick employees, customers, or vendors into wiring payment for goods or services to alternate bank accounts. Business Email Compromise has increased almost 50% since the beginning of the pandemic. Because of the shifts in workplace location and reassignment of duties, organizations are incredibly vulnerable.

Simple social engineering, spear-phishing, phishing, and other Man-in-the-Middle attacks are getting large dollar amounts incredibly quickly.

This Auditing Online CPE webinar covers the following key topics:

• What is Business Email Compromise
• Common tactics used to perpetrate Email fraud
• Warning signs to help detect suspicious activity
• Control methods for validating communication for your organization
• The necessary controls for Vendor Verification and Information Change
• Application of concepts through case studies

This online CPE webinar provides an opportunity for you to understand how these types of fraud are happening and learn some valuable tactics for protecting your business.

Click to access more webinars on Full day CPE webinars | Tax Resolution CPE webinars

Learning Objectives

• To define Business Email Compromise
• To explore common tactics being used to perpetrate this type of fraud
• To identify warning signs to help detect suspicious activity
• To equip your organization with control methods for validating communication
• To explore the necessary controls for Vendor Verification and Information Change
• To explore real-life application (or loss) through several case studies

Recommended For

• This Online Continuing Professional Education webinar is recommended for CPAs, CRMA, CFF, CIA, CMA, IAP, and QIAL who wants to help their clients manage the internal controls effectively
• This Online CPE webinar is also recommended for CPAs in Canada who wants to help their clients in establishing strong internal controls

Who Should Attend?

Webinar Qualifies For

• 1 CPE Credit for Qualification in Internal Audit Leadership (QIAL)
• 1 CPE Credit for Internal Audit Practitioner (IAP)
• 1 CPD Credit for Chartered Professional Accountant (CPA Canada)
• 1 CPE Credit of Auditing for Certified Public Accountants (CPA-US)
• 1 CPE Credit for Certified Management Accountants (CMA)
• 1 CPE Credit for Certified Internal Auditors (CIA)
• 1 CPE Credit for Certified Fraud Examiner (CFE)
• 1 CPD Credit for Certified Financial Forensics (CFF)
• 1 CPE Credit for Certification in Risk Management Assurance (CRMA)
• 1 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
• 1 CE Credit for Certified Wealth Strategist (CWS)
• 1 General Credit for Accountant/Bookkeeper (ACCT./BK)
• 1 CPD Credit for Chartered Accountants - ICAEW
• 1 CPD Credit for Chartered Certified Accountants (ACCA)
• 1 CPD Credit for Chartered Accountants - Ireland (CAI)
• 1 CPD Credit for Chartered Accountants - Scotland
• 1 CPD Credit for CPA - Ireland

FAQs content