Board Essentials Module 2: The Board’s Role with Cyber Security

The Board’s Role with Cyber Security

Fund-transfer fraud and account takeover scams result in millions of dollars in losses. In 2018, financial institutions filed nearly 39,000 suspicious activity reports (SARs) regarding wire fraud. Cyber criminals grow more sophisticated every day. This session will address your institution’s FinCEN reporting requirements, the following types of cyberattacks, and what directors should know about them:
  • Business email compromise (BEC)
  • Email account compromise (EAC)
  • Corporate account takeover (CATO)
  • Identity theft, including new strategies involving children’s identities
Duration 40-minutes

Presented By

Ann Brode-HarnerAnn Brode-Harner
Brode Consulting Services, Inc.

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