US Secret Service hosts cyber incident response simulation
The US Secret Service hosted a virtual Cyber Incident Response Simulation for financial services, real estate, retail and hospitality executives who trained on mitigation strategies for a simulated business email compromise (BEC) attack. Business Email Compromise is a sophisticated scam targeting both businesses and individuals performing a transfer of funds. The scam is frequently carried out when a subject compromises legitimate business e-mail accounts through social engineering or computer intrusion techniques to conduct unauthorized transfers of funds.
The training was the fifth of its kind and the third virtual event hosted by the Secret Service and its Cyber Fraud Task Force (CFTF) partners. It offered executives who play an active part within their organization’s cyber incident response a simulated scenario to enhance planning, collaboration and information sharing between private organizations and the Secret Service.