Social Engineering Fraud Schemes - And How They Work (Course Id 1007)

• Who is this course for?
  This course is intended for anyone needing Continuing Professional Education (CPE), particularly professionals in accounting and auditing roles.

• What is this course about or what problem does this course solve?
  The course explores how fraudsters use social engineering tactics like phishing, vishing, and email spoofing to deceive employees and steal money or sensitive data, helping organizations recognize and combat these threats.

• How can the knowledge from this course be used?
  Learners can apply the knowledge to identify various social engineering fraud schemes and implement techniques to prevent such fraud in their organizations.

• Why is this course important to a CPA, Accountant, or IRS Enrolled Agent?
  Understanding social engineering fraud is critical for CPAs and auditors to safeguard their organizations from financial and reputational damage, and the course also meets the California Board of Accountancy fraud education requirement.

• When is this course relevant or timely?
  With social engineering fraud schemes increasing in popularity and sophistication in 2024, this course is highly timely and relevant.

• How is a course like this consumed or used?
  The course is delivered through NASBA QAS self-study in text format, with no prerequisites or additional materials required, and includes review questions and a final exam.

Simple fraud schemes that use social engineering techniques are gaining popularity in the United States.  These schemes rely on trickery to persuade an unsuspecting employee to divert cash or sensitive information to the fraudster.  This course examines techniques being employed such as email spoofing, phishing and vishing using actual recent cases and discusses techniques to minimize the possibility of this type of fraud in your organization.

Please Note: These Fraud CPE credits satisfy the California Board of Accountancy (CBA) fraud requirement.

NASBA QAS - Text - NASBA Registry - 1007

Course Learning Objectives

1. Identify types of CEO fraud
2. Identify different types of phishing and related fraud schemes
3. Recognize techniques to prevent social engineering schemes

Chapter 1 - Social Engineering Fraud Schemes - How they work

Course Overview

Social Engineering

Information – The Key to Social Engineering

Social Engineering in Action – Real Life Examples

E mail Spoofing

A Personal Example

Vishing

Phishing

IRS Alert – Phishing Scheme Targeting Tax Professionals

Spear Phishing

IRS Alert – W2 Phishing Schemes

Whaling

Smishing

FBI Information Regarding Business Social Engineering Fraud

Summary

Review Questions

Glossary