WaFd Bank and the Idaho Department of Finance’s (IDOF) Financial Innovation Lab (FIL) are partnering to host a FIL Speaker Series Event for Idaho small businesses and the public focusing on “Business Email Compromise” (BEC) cybercrime at 2 pm on Thursday August 22nd at the Riverside Hotel. The event will be immediately followed by a meet and greet reception with event participants.

The goal of the event is to provide Idahoans and Idaho small businesses with pertinent information that they can use to protect themselves from becoming victims of BEC scams that cost Idahoans over $17 million in known losses last year. Expert speakers will discuss key BEC trends, prevention strategies, and incident response best practices. The discussion will be led by leaders from WaFd Bank and members of the IDOF FIL Emerging Technology Advisory Committee (ETAC), which recently completed research on BEC fraud scams and potential solutions.

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