Challenge Accepted Podcast – SVB, BEC, and the FBI

This Arctic Wolf podcast transcript features FBI Supervisory Special Agent Jeff Collins discussing business email compromise (BEC): how attackers research targets, compromise or spoof email, impersonate executives to create urgency, and redirect funds or harvest sensitive data. The conversation covers the high prevalence and financial impact of BECs, real-world examples (including CEO impersonation and wire-transfer fraud), recommended technical and procedural mitigations (multi-step verification, controls for finance/HR, targeted training), and immediate response steps—contact your bank quickly and report incidents to IC3/FBI to maximize chances of recovery.