Internet fraud is one of the most common motivators of cybercrime. Millions of dollars are stolen every year from victims who are tricked into initiating wire transfer payments through social engineering tactics and computer breaches. This is typically accomplished using one of three methods: business email compromise (BEC), email account compromise (EAC), and spoofing.All three of these methods can be attempted against any organization that relies on email for communication. Being a smaller
There are some key things that a financial services firm needs to care about when it comes to security: Ashwin Krishnan offers his expert advice to help financial services firms develop their information security practice.