Description
Current trends in email compromise fraud, as well as control considerations that may help institutions better protect themselves and their customers from this growing cyber threat.
Financial Crimes Enforcement Network (FinCEN) discusses its “Updated Advisory on Email Compromise Fraud Schemes Targeting Vulnerable Business Processes” (FIN-2019-A005). In addition, representatives from the FFIEC’s Cybersecurity and Critical Infrastructure Working Group, the BSA/AML Working Group, and the IT Subcommittee also share supervisory insights.
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Use of FFIEC Industry Outreach program materials by participants or others, including video and audio recording of the presentations, is strictly prohibited except by written permission of the FFIEC or its members. The views expressed in the FFIEC Industry Outreach programs are individual views, intended for informational purposes, and are not formal opinions of, nor binding on, the FFIEC or its members.