In this episode, the hosts discuss the FBI's 2023 internet crime report, focusing on the increase in money lost to internet crimes and the age group most vulnerable to cybercrime. They then delve into the topic of business email compromise (BEC), explaining how scammers use email to trick individuals and businesses into giving money or divulging confidential information. The hosts provide tips for protecting against BEC, including using secure email gateways, implementing multi-factor authentication, and educating employees about phishing red flags. They also emphasize the importance of reporting BEC incidents to law enforcement and treating these crimes seriously.

Takeaways

-The FBI's 2023 internet crime report revealed an increase in money lost to internet crimes and highlighted the vulnerability of older adults to cybercrime.

-Business email compromise (BEC) is a type of cybercrime where scammers use email to trick individuals and businesses into giving money or confidential information.

-Protecting against BEC involves using secure email gateways, implementing multi-factor authentication, and educating employees about phishing red flags.

-Reporting BEC incidents to law enforcement, such as the FBI, is crucial for recouping losses and cracking down on cybercrime.

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Youtube Video Link: ⁠https://youtu.be/_GpyjmLDX8g⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

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Documentation:

https://www.ic3.gov/Media/PDF/AnnualReport/2023_IC3Report.pdf

https://www.microsoft.com/en-us/security/blog/2019/10/16/top-6-email-security-best-practices-to-protect-against-phishing-attacks-and-business-email-compromise/?culture=en-us&country=us

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