ISSA, Fort Worth Chapter

Fort Worth, Texas area information security professionals.

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CEO Fraud is Everywhere

The Attack

According to the FBI, BEC, or Business Email Compromise, is a 1.3 billion dollar industry. Think your business or non-profit is too small to get attacked? Think again.

A few days ago, we were the subject of a typical BEC attack. Fortunately, our Treasurer is security aware! Here’s what the email looked like.

Detecting and Preventing Compromise

There are several ways to protect against this attack. Among them:

  • Verify the email by picking up the phone and calling the sender using a known good number.
  • Require dual authorization for wire transfers over a specific amount.
  • Add a special tag to email (such as [EXTERNAL]) for email coming from the Internet.
  • If the email includes a domain name, is it a slight misspelling of yours? Have you considered registering variations of your own domain name?
  • Does the email include a sense of urgency, a lack of specificity, misspellings or a different reply-to address?
  • Is the email arriving at a time when the supposed sender is unavailable? Bad guys have been known to troll social media looking for publicly-shared hints of schedules.

A little bit of awareness goes a long way.

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About the ISSA, Fort Worth Chapter

ISSA, Fort Worth is a local chapter of the Information Systems Security Association. We promote education, encourage the free exchange of information, and enable industry networking.

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ISSA, Fort Worth Chapter
1090 Texan Trail, #401
Grapevine, TX 76051

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