Episode description
Business email compromise is one of the largest cyber threats facing organizations and individuals today. A recent FBI report revealed that business email compromise scams resulted in over $1.8 billion worth of losses to businesses in 2020 alone. On this episode, we meet Des: a management consultant who experienced a business email compromise scam first-hand. He transferred a large sum of money as per his boss’ email request, only to find out the email was not from his boss. How could Des have mitigated this attack? We talk with industry experts like Kelly from TD and Patrick Peterson, CEO and co-founder of email threat prevention firm Agari, to find out how business email compromise works and what companies can do to catch it and prevent it.