Countering BEC-Fraud with New Forms of Collaboration

We will present a Business Email Compromise (BEC) fraud case from the perspective of law enforcement and prosecution. This kind of cases provide useful information regarding the used modus operandi. BEC fraud is in the top three of cybercrimes with the most financial damage. It’s important to look for non-traditional ways of countering this type of fraud. In the Netherlands, fifteen public and private sector organisations, including the three main Dutch banks, have been working together since 2018 to analyse and get a shared understanding of the criminal business model behind BEC fraud and are developing a subsequent barrier model.