Phishing for Funds - Understanding Business Email Compromise

Explore the rapidly expanding cybercrime of Business Email Compromise (BEC) in this informative Black Hat conference talk. Delve into the reasons behind the 1300% increase in reported cases from 2015 to 2016, and understand why this financial fraud scheme targets organizations of all sizes across various market segments. Learn about the tactics used by cybercriminals, including lookalike domains, SMTP relays, and breach-related compromises. Discover effective countermeasures such as employee training, implementing robust processes and policies, and utilizing email security gateways. Gain insights into the importance of SPF, external labels, and blacklisting in combating BEC. Understand the crucial steps of reporting incidents and the potential consequences of falling victim to this lucrative cybercrime.