1 Events Filtered On year "2019"

FinCEN Rising Email Compromise Fraud Schemes

FinCEN Rising Email Compromise Fraud Schemes

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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