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Business Email Compromise: Prevention and Verification to Mitigate Loss

  • Accountant
  • CPA (CA)
  • CRMA
  • CPA/CFF
  • CFE
  • CGFM
  • CIA
  • CMA
  • CPA (US)
  • CA - ICAEW
  • IAP
  • QIAL
  • ACCA
  • CA - Ireland
  • CA - Scotland
  • CPA - Ireland
  • CFIRS
  • CWS

Published: October, 2021

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Before starting this self study program, please go through the instructional document.

  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • Business E-Mail Compromise
    10 mins
  • Business E-Mail Compromise Timeline
    18 mins
  • What is BEC Fraud
    29 mins
  • What can we do?
    36 mins
  • Wrapping Up
    47 mins

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?

  • Accountant
  • Accounting and audit managers/practitioners
  • Accounting Managers
  • Accounts Director
  • Assistant Controllers
  • Auditors
  • Business Owner
  • Certified Management Accountant (CMA)
  • Certified Public Accountant (CPA)
  • Chartered Professional Accountant
  • Compliance Managers
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial Accountant
  • Entrepreneurial CPA
  • Risk Managers
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 1 CPE Credit of Auditing for Qualification in Internal Audit Leadership (QIAL)
  • 1 CPE Credit of Auditing for Internal Audit Practitioner (IAP)
  • 1 CPD Credit of Auditing for Chartered Professional Accountant (CPA Canada)
  • 1 CPE Credit of Auditing for Certified Public Accountants (CPA-US)
  • 1 CPE Credit of Auditing for Certified Management Accountants (CMA)
  • 1 CPE Credit of Internal Auditing for Certified Internal Auditors (CIA)
  • 1 CPE Credit of Auditing for Certified Fraud Examiner (CFE)
  • 1 CPD Credit of Auditing for Certified Financial Forensics (CFF)
  • 1 CPE Credit of Auditing 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 of Auditing for Accountant/Bookkeeper/Tax Professionals
  • 1 CPD Credit for CA - 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
  • 1 CPE Credit of Auditing for Certified Government Financial Manager (CGFM)

Additional details

  • Course Level :
    Basic
  • Credits :
    1
  • Instructional Method :
    QAS Self Study
  • Pre-requisites :
    None
  • Advance Preparation :
    None

NASBA APPROVED

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

MY-CPE LLC (Sponsor Id#: 143597) 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.

Presenter

About Presenter

Jeff Smith

Senior Investigator, Dawson Forensic Group

Smith has worked as a Certified Fraud Examiner for over 7 years. As an associate and Senior Investigator at DFG, he serves in all aspect of the forensic service offerings, along with an additional focus on data forensics, research, technical writing, cyber investigation, and anti-fraud program education. He is also working to expand the mission of DFG in the field of education through Continuing Education services and the production of training videos. He is a 2008 graduate of Southern Nazarene University. He is a member of the Association of Certified Fraud Examiners and holds a certificate as a certified fraud examiner.

About Company

Dawson Forensic Group

www.dawsonforensicgroup.com

Dawson Forensic Group was founded by our president Steve Dawson CPA, CFE upon his retirement from a distinguished 26 year career as a partner in one of the nations top 400 public accounting firms, serving as a financial statement auditor, forensic examiner, and nationally-recognized public speaker/trainer.  

As a certified public accountant (CPA) and a certified fraud examiner (CFE), Mr. Dawson recognized the need for a single-purposed company devoted to fraud prevention, detection, and education.  As a result, he established Dawson Forensic Group to combat small business fraud through forensic auditing, litigation support, accounting records reconstruction, internal control design consulting, and anti-fraud training services.  

The company has continued to expand in staff and levels of service due to the increasing need for small businesses to accomplish the necessary goals of establishing sound internal controls and developing effective anti-fraud programs


Faq

FAQs content

  • To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
  • Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
  • You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
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  • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
  • As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
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Ratings and Review

4.6

9 Ratings

Excellent

6

Very Good

2

Average

1

Poor

0

Terrible

0

RK

Ruth Krupa, CFE

Jan 16th, 2022

Fantastic info about VEC, BEC, vishing, phishing, and all sorts of fraud a company can face via an engaging instructor.

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