The Better Business Bureau will be presenting a free program at the Black Hills State University campus in Rapid City located at 4300 Cheyenne Boulevard on Wednesday, March 25 from 8 A.M. to 10 A.M.
The (BBB) will attempt to educate businesses on how to protect themselves from having a business email compromised, which is the number one cyber threat to businesses today.
“BEC” is a scam that focuses on payment fraud which is a big threat to businesses. Businesses fall victim when the scammers steal business email accounts through social engineering. The FBI has reported that from October of 2013 to May of 2018, 78,000 incidents have been dealt with that has resulted in $12.5 Billion in losses.
Victims are mostly sought through by the scammers via websites like Linkedin, Intelius and Google. The scammers also purchase email account credentials from the dark web, which is a place on the internet where people can buy stolen information ranging from Social Security numbers to login information.
“BEC can happen to anyone in any size business,” stated BBB President Jim Hegarty. “That is why we are encouraging CEOs, owners, managers and employees from all sizes and kinds of businesses to attend this program. Education is your best defense against this crime of access!”
The guest speakers at the event are cyber-security experts that include:
- Jody Gillaspie, Director, SD Office of the Attorney General,
- Chris Aeilts, Sales Engineer, SDN Communications
- Dr. Ashley Podhradsky, Associate Dean of Beacom College of Computer and Cyber Sciences, Dakota State University.
The speakers will discuss why “BEC” is so effective, how scammers defraud their targets within a business and the necessary steps a business should take to defend themselves in these situations.