BEC, VEC, Check...What the Heck??
BEC scams (Business Email Compromise) continue to explode and are being augmented by VEC scams (Vendor Email Compromise) which target an organization’s vendors, not the organization itself. BEC scams are often paired with wire fraud, payment diversion, and account takeovers. Interestingly, BEC scams now integrate old-school check fraud. Fraud shifts between payment methods, but is not going away! Its scope expands astronomically through the integration of social engineering, technology, and payment systems old and new.
Attendees will understand how BEC, VEC, and check fraud scams play out, and will develop straight-forward, proactive controls to protect their organizations from fraud.
President & CEO
Greg Litster is President and CEO of SAFEChecks, a company specializing in fraud prevention. Mr. Litster is a former 18-year banker who held various executive-level positions in banking prior to acquiring SAFEChecks from a California business bank in 1996. SAFEChecks manufactures business and personal high-security checks designed by Frank Abagnale, and also offers fraud-prevention software, educational seminars, and expert witness and consulting services.
Mr. Litster is Editor of Frank Abagnale’s Fraud Bulletin, and has written numerous articles for publications such as AFP Exchange, American Payroll Association, American Land Title Association, and Sheshunoff’s Corporate Cash Management Manual. He has given fraud prevention seminars to hundreds of financial and professional organizations across the USA, and has extensive experience as an expert witness, serving on several national and international check fraud and embezzlement cases.
Mr. Litster earned a Bachelor of Science in Economics and an MBA in Finance, both from Brigham Young University.