Collective Intelligence

Flashpoint Editorial Director Mike Mimoso talks with Flashpoint senior malware analyst Ronnie Tokazowski about the staggering fraud attributed to business email compromise and what can be done about it. BEC has cost businesses billions of dollars in losses in the last half-decade, according to the FBI, and Ronnie goes into some details about why these scams work through effective social engineering, phishing and stolen credentials. They also discuss the lifecycle and different stages of of BEC, and the layers of collaboration and cooperation needed between authorities worldwide to get in front of this type of fraud.