Business Email Compromise and Ransomware - Red Flags and Mitigation - NASBA CPE 1.2

  • Speaker:Rayleen Pirnie
  • Duration:60Min
  • Product Code:GRC-NR23
  • NASBA CPE: 1.2
NASBA

NASBA CPE Credits: 1.2

GRCTS 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 web site: www.nasbaregistry.org.

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If you are unable to attend the meeting Live then you can opt in for the Live Recording instead. Access the Recording of the Training for 6 months. Contact our support for any questions. To prepare an invoice to pay by Check or Wire email us at support@grcts.com. 

The Internet Crime Complaint Center (IC3) reports that U.S. victims alone lost $18 million in 15 months to just a single form of ransomware. This training program will review the risks associated with various types of cyber fraud, and in particular, business email compromise (BEC) and ransomware. The session will also discuss documenting sound business practices to minimize exposure and loss and list what to present to your board of directors before an incident.

Why Should You Attend:

Cyber frauds continue to drain billions from unsuspecting organizations and consumers around the globe. Two cyber frauds, business email compromise (BEC) and ransomware, are the toughest to avoid and the most costly.

In addition to losing money if the fraud is successful, organizations have to shell out again in the aftermath in the form of thousands more for the loss of productivity, legal fees, technology services, and sometimes to buy credit monitoring services for affected employees and/or customers.

This session will identify these growing attacks, including detailed examples and explanations of both forms of fraud, and highlight sound business practices to minimize your exposure to loss. We will also discuss tips to consider when reviewing cyber security insurance policies since many organizations eventually learned their policy did not cover these forms of fraud.

Learning Objectives:

  • Review the risks of business email compromise (BEC) and ransomware
  • Isolate red flags
  • Document sound business practices to minimize exposure and loss
  • What to present to your board of directors before an incident
  • Understand the current state of how these frauds affect common cyber security insurance policies

Areas Covered in the Webinar:

  • Business Email Compromise (BEC)
    • Define and provide examples
    • Review case studies
    • Red flags of a BEC attack
    • Sound business practices to minimize exposure and loss
  • Ransomware
    • Define and provide examples
    • Review case studies
    • Identify why ransomware is so difficult to prevent
    • Sound business practices to minimize exposure and loss
  • Cyber Security Insurance Policies

Who Will Benefit:

  • Internal Auditors
  • Risk Officers
  • Director of Security
  • Compliance Officers
  • Compliance Professionals
  • Operational Risk Professionals
  • CFO/Finance Professionals
  • Board Members
  • External Auditors
  • Audit Committee Members
  • Operational Risk Managers
  • Departmental Managers
  • Information Security
  • Information Technology
  • Fraud Investigators

Topic Background:

The Internet Crime Complaint Center (IC3) recently reported organizations around the world have lost over $3.1 billion to BEC alone. Many researchers believe this loss figure is low. Worldwide ransomware losses are difficult to calculate because there are so many varieties and not all losses are reported. IC3 reports that U.S. victims alone lost $18 million in 15 months to just a single form of ransomware.

Next Online and Two Day Events: 

Inperson – ACH Risk Management: 1.5 day Workshop

Inperson – One Day Interactive Workshop on Cyber Security Incident Response

Certification: 

NASBA CPE - 1.2 - Group Internet Based | 1.2 NASBA Credits (1 CPE for 50 minutes) | Intermediate | Prerequisites - None | No advance preparation

Specialized Knowledge and Applications – 60 Minutes – 1.2 CPE | TOTAL – 1.2 NASBA CPE Credits

Instructor:

Rayleen is the founder and owner of RP Payments Risk Consulting Services, LLC. based in Missouri. She is a nationally recognized payments risk and fraud expert who offers specialized consulting services, procedural and risk management reviews, and payments education. Rayleen’s specialized skill is delving into the world beyond the payment rules; areas where organizations often find themselves in positions of liability or loss with little to no clear guidance. She is an Accredited ACH Professional (AAP) who has worked with all payment systems for nearly 20 years, and a Certified Enterprise Risk Professional (CERP). Rayleen also holds a Bachelor of Science in Criminal Justice Administration.

GRCTS 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 web site: www.nasbaregistry.org 

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Available Options

Recording: Unlimited Viewing Access for 6 Months

$279

CD-DVD: Shipped within 2 working days

$379

USB - Shipped within 2 working days

$389

5 Member Group: 5 people can Attend the Live Online Meeting from any location globally

$489

10 Member Group: 10 people can Attend the Live Online Meeting from any location globally

$649

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