Getting Scammed: A Security CEO firsthand encounter

It’s a business’s worst nightmare. Hundreds of thousands, or even millions, of dollars have been transferred out of company accounts and into a scammer’s hands.

Business email compromise (BEC) also known as “CEO fraud,” attempts to trick employees into carrying out large wire transfer payments by impersonating upper management. These types of scams are becoming extremely sophisticated through usage of social engineering or computer intrusion techniques and are an emerging global threat. The FBI reports that over 12,000 victims have lost $2 billion in the last two years.

Join Tom Kemp, CEO of Centrify, as he shares his firsthand account as a target of this scam and tips to avoid becoming a victim of a BEC scam.

You will learn:

  • How do BEC scams work, and why it's so easy to fall victim to one
  • Best practices to fight BEC scams across your organization
  • How identity-based solutions, such as multi-factor authentication and privilege management, can intervene before company accounts are emptied