CEO/Online Fraud: How to Recognise It, First Aid Instructions and New Litigation Developments

CEO or Online Fraud is a scam in which cybercriminals spoof company email accounts and impersonate executives to try and fool an employee in accounting or HR into executing unauthorized wire transfers, or sending out confidential tax information. The scam is carried out by compromising legitimate business email accounts through social engineering or computer intrusion techniques to conduct unauthorized transfers of funds. According to statistics, CEO fraud is now a $26 billion scam. Between May 2018 and July 2019, there was a 100% increase in identified global exposed losses. The scam has been reported in over 150 countries, and the majority of fraudster bank accounts to which funds are paid are located in Asia, amongst others Hong Kong and Mainland China.

Content:

• What is Internet Fraud? Why is it also called CEO Fraud?
• Developments in the past
• How does Internet Fraud occur?
• Alarm signals for Internet Fraud
• How to avoid Internet Fraud
• Steps after falling victim
• Legal procedure after falling victim
• Proprietary action, advantages and disadvantages
• New legal developments

This webinar will help you to become familiar with the usual pattern of CEO/ Online Fraud, how to recognise it and how to avoid it. The seminar will also cover potential actions after one has fallen victim to CEO Fraud in order to recover the money or mitigate the loss.

Remarks:

Access link for the webinar will be sent to participants 1 day before the event. This session will be conducted via GoToWebinar.

Registration Deadline: Friday, 11 September 2020

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