WaFd Bank in partnership with the Idaho Department of Finance’s (IDOF) Financial Innovation Lab (FIL) will be hosting a cybercrime event focusing on the threat “Business Email Compromise” (BEC) presents to Idaho’s small businesses. The event will take place at 2 pm on Thursday August 22nd at the Riverside Hotel.

BEC is one of the most financially damaging forms of cybercrime and occurs when criminals trick victims into sending funds or information to them by using emails that appear to come from known or legitimate sources. It remains a top threat to U.S. small businesses resulting in over $2.9 billion in verified losses in 2023 alone with many Idaho small businesses falling victim. This event will focus on BEC prevention strategies, incident response, and potential policy solutions and include cybercrime experts from WaFd Bank, IDOF, the U.S. Attorney’s Office for the District of Idaho, Boise Police Department, S3ntryCorp., and Justin Feffer and Associates.

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