Jane Moneypenny - Studencki Festiwal Informatyczny

14. Studencki Festiwal Informatyczny

5 – 7 KWIETNIA 2018Auditorium Maximum UJ

14 edycja2018

Jane Moneypenny

5.04.2018 - 18.45

O prelegencie

Abstrakt

Poland - the Increasingly Important International Center for Business Email Compromise Money Laundering

According to Wikipedia – Ms. Moneypenny is a secretary to M, who is Bond’s superior officer and head of the British Secret Service. Surprisingly, this time the British Secret Service does not mean the Circus. It is about the Quest for Justice, headquartered in London at a building next to the Secret Intelligence Service.

The Quest for Justice is a private task force of an authentic M – a Briton who had read that a number of cyber fraud cases were occurred against many older people who had been defrauded of a large part of the financial reserves. M decided that he would act alone to find these criminals and try to put a stop to their criminal activities.

It was clear that Police Forces were ill prepared to deal with this type of crime which was skyrocketing. So, M contracted and directed an international team of many lawyers and professionals to track the criminals.

And I am M’s marvelous golden girl.

As SFI is the IT Conference, you will quickly notice how easy it would be to prevent intricately and professionally woven intrigues using simple IT tools.

And as SFI is the Best Academic IT Conference in Poland, I will present a fairytale about the BEC scams committed by an international criminal gang in Poland. Trend Micro predicts: BEC incidents will only multiply in 2018, leading to more than US $9,000,000,000 in global losses.

The choice of Polish Banks for both the fraud and the money laundering part of this operation is not at all accidental:

(1) Criminals clearly explained: Polish banks are being targeted because it is easier than elsewhere.

(2) The US Department of State also explained this clearly: Poland is an increasingly important international center for business email compromise (BEC) money laundering scams, in which sophisticated cybercriminals target businesses working with foreign suppliers or those who regularly perform wire transfer payments. In these scams, cybercriminals compromise legitimate business email accounts through social engineering or computer intrusion techniques to conduct unauthorized fund transfers. The criminals then launder the money through Polish banks before transferring the funds to their final destinations.

After facing that kind of fairytale, Richard Branson wrote: This story sounds like it has come straight out of a John le Carré book or a James Bond film, but it is sadly all true.