Business Email Compromise (BEC) , Fraud Management & Cybercrime

Business Email Compromises Fuel Procurement Fraud

Allan Stojanovic of the University of Toronto on Fraud-Fighting Challenges
Allan Stojanovic, security architect and analyst, University of Toronto

Business email compromises have been at the center of a number of procurement fraud scams, says Allan Stojanovic, a security architect and analyst at the University of Toronto, who describes the fraud and why it's so difficult to thwart.

See Also: Webinar | The Future of Adaptive Authentication in Financial Services

In a video interview at Information Security Media Group's recent Fraud & Breach Prevention Summit: Toronto, Stojanovic discusses:

  • The components of the scams and the types of goods procured;
  • Difficulties with timely detection of the scams;
  • Industries where the scams have been successful.

Stojanovic, a security architect and analyst at the University of Toronto, has worked in IT for over 20 years, including various roles in security in several sectors.


About the Author

Nick Holland

Nick Holland

Director, Banking and Payments

Holland, an experienced security analyst, has spent the last decade focusing on the intersection of digital banking, payments and security technologies. He has spoken at a variety of conferences and events, including Mobile World Congress, Money2020, Next Bank and SXSW, and has been quoted by The Wall Street Journal, CNN Money, MSNBC, NPR, Forbes, Fortune, BusinessWeek, Time Magazine, The Economist and the Financial Times. He holds an MSc degree in information systems management from the University of Stirling, Scotland.




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