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Josh Lefkowitz
Chief Executive Officer
Josh Lefkowitz executes the company’s strategic vision to empower organizations with Business Risk Intelligence (BRI). He has worked extensively with authorities to track and analyze terrorist groups. Mr. Lefkowitz also served as a consultant to the FBI’s senior management team and worked for a top tier, global investment bank. Mr. Lefkowitz holds an MBA from Harvard University and a BA from Williams College.
Evan Kohlmann
Chief Innovation Officer
Evan Kohlmann focuses on product innovation at Flashpoint where he leverages fifteen years’ experience tracking Al-Qaida, ISIS, and other terrorist groups. He has consulted for the US Department of Defense, the US Department of Justice, the Australian Federal Police, and Scotland Yard’s Counter Terrorism Command, among others. Mr. Kohlmann holds a JD from the Univ. of Pennsylvania Law School and a BSFS in International Politics from the Walsh School of Foreign Service at Georgetown Univ.
Josh Devon
Chief Operating Officer / VP Product
Josh Devon focuses on product vision and strategy at Flashpoint while ensuring the company’s departments function synergistically during its rapid growth. He also works to ensure that customers receive best in class products, services, and support. Previously, Mr. Devon co-founded the SITE Intelligence Group where he served as Assistant Director. He holds an MA from SAIS at Johns Hopkins Univ. At the Univ. of Pennsylvania, he received a BS in Economics from the Wharton School and a BA in English from the College of Arts and Sciences.
Jennifer Leggio
Chief Marketing Officer / VP Operations
Jennifer Leggio is responsible for Flashpoint’s marketing, customer acquisition, and operations. Ms. Leggio has more than 20 years of experience driving marketing, communications and go-to-market strategies in the cybersecurity industry. She’s previously held senior leadership roles at Digital Shadows, Cisco, Sourcefire, and Fortinet. She’s been a contributor to Forbes and ZDNet, and has spoken on the importance of coordinated disclosure at DEF CON and Hack in the Box, and on threat actor “publicity” trends at RSA Conference, Gartner Security Summit, and SXSW Interactive.
Chris Camacho
Chief Strategy Officer
Chris Camacho leads the company’s client engagement and development team, which includes customer success, business development, strategic integrations and the FPCollab sharing community. With over 15 years of cybersecurity leadership experience, he has spearheaded initiatives across Operational Strategy, Incident Response, Threat Management, and Security Operations to ensure cyber risk postures align with business goals. Most recently as a Senior Vice President of Information Security at Bank of America, Mr. Camacho was responsible for overseeing the Threat Management Program. An entrepreneur, Mr. Camacho also serves as CEO for NinjaJobs: a career-matching community for elite cybersecurity talent. He has a BS in Decision Sciences & Management of Information Systems from George Mason University.
Lisa Iadanza
Chief People Officer
Lisa M. Iadanza leads all functional areas of People Operations at Flashpoint, including human resources, talent acquisition & management, employee engagement, and developing high performance teams. In addition to collaborating with the executive team to drive strategic growth, she plays an integral role in fostering Flashpoint’s culture and mission. Driven by her passions for mentorship, employee advocacy, and talent development, Ms. Iadanza has more than twenty years of experience in building, scaling, and leading human resources functions. Prior to Flashpoint, she held leadership roles at Conde Nast, Terra Technology, and FreeWheel. She is a member of the Society for Human Resources Management (SHRM) and holds a bachelor’s degree in management with concentrations in human resources and marketing from State University of New York at Binghamton.
Rob Reznick
VP of Finance and Corporate Development
Rob Reznick leads the finance, accounting, and corporate development teams at Flashpoint. Rob previously served as Director of Finance & Accounting for 1010data (acquired by Advance/Newhouse), and Director of Finance for Financial Guard (acquired by Legg Mason) after prior work in forensic accounting and dispute consulting. Mr. Reznick is a Certified Public Accountant and holds an MBA and MAcc from the Fisher College of Business at the Ohio State University, and a BBA from the Ross School of Business at the University of Michigan.
Lance James
Chief Scientist / VP Engineering
Lance James is responsible for leading Flashpoint’s technology development. Prior to joining Flashpoint in 2015, he was the Head of Cyber Intelligence at Deloitte & Touche LLP. Mr. James has been an active member of the security community for over 20 years and enjoys working creatively together with technology teams to design and develop impactful solutions that disrupt online threats.
Brian Costello
SVP Global Sales and Solution Architecture
Brian Costello, a 20-year information technology and security solutions veteran, is responsible for leading the Global Sales, Solution Architecture, and Professional Services teams at Flashpoint. Throughout his career, Brian has successfully built security and cloud teams that have provided customers with innovative technology solutions, exceeded targets and consistently grown business year over year. Prior to Flashpoint, Brian led a global security and cloud vertical practice for Verizon. Brian also held senior leadership roles at Invincea, Risk Analytics and Cybertrust. Brian received his B.A. from George Mason University.
Tom Hofmann
VP Intelligence
Tom Hofmann leads the intelligence directorate that is responsible for the collection, analysis, production, and dissemination of Deep and Dark Web data. He works closely with clients to prioritize their intelligence requirements and ensures internal Flashpoint operations are aligned to those needs. Mr. Hofmann has been at the forefront of cyber intelligence operations in the commercial, government, and military sectors, and is renowned for his ability to drive effective intelligence operations to support offensive and defensive network operations.
Jake Wells
VP, Client Engagement & Development
Jake Wells leads strategic integrations and information sharing as part of the client engagement & development team, which serves as an internal advocate for our government and commercial clients to ensure Flashpoint’s intelligence solutions meet their evolving needs. He leverages a decade of experience running cyber and counterterrorism investigations, most recently with the NYPD Intelligence Bureau, to maximize the value customers generate from our products and services. Mr. Wells holds an MA from Columbia University and a BA from Emory University.
Brian Brown
VP Business Development
Brian Brown is responsible for the overall direction of strategic sales and development supporting Flashpoint’s largest clients. In his role, Mr. Brown focuses on designing and executing growth-oriented sales penetration strategies across multiple vertical markets, including both Government and Commercial, supporting Flashpoint’s Sales and Business Development Teams. An experienced entrepreneur, Mr. Brown also serves as CSO for NinjaJobs, a private community created to match elite cybersecurity talent with top tier global jobs and also advise growth-stage cybersecurity companies.
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Business Email Compromise: A Bigger Threat than Ransomware?

Blog
July 20, 2017

The large-scale attacks that have become defining characteristics of 2017 have given rise to stronger defenses across the enterprise. Forced to adapt in response, more adversaries are recognizing that bypassing these defenses to generate illicit funds is sometimes best achieved through less-sophisticated — yet lucrative — schemes like Business Email Compromise (BEC).

In fact, the Cisco 2017 Midyear Cybersecurity Report reinforces and expands upon these observations. Featuring contributions from Flashpoint Senior Malware Analyst Ronnie Tokazowski, the report emphasizes that BEC — despite its relatively low profile — may be an even bigger threat than ransomware. As a Cisco technology partner, we were honored to have Ronnie’s research on BEC highlighted within the report, which aims to provide actionable measures for defenders based on threat intelligence and cybersecurity trends for 2017.

We sat down with Ronnie to learn more about his research and expertise in BEC. Here’s what we discussed:

Q: How does a BEC scam work?

A: Typically, BEC scams begin with a “spoofed” email — often appearing as if sent from a high-level executive to an employee at the same organization. The email will usually order the employee to wire a large sum of money to a foreign account; and if the employee complies, the money is lost. Some BEC attackers have also been known to target victims using “romance” scams by fooling them into opening bank accounts for online “lovers.” Others closely overlap with lottery, employment, real estate, and most recently, W-2 scams.

Q: According to the Cisco 2017 Midyear Cybersecurity Report, BEC is the costliest type of cybercrime. Why does it receive so much less attention than other threats?

A: One of the main reasons why BEC scams don’t get as much attention is because of how challenging it can to determine who — on the victim side — is at fault. Are the banks to blame for letting the money transfers go through? Are organizations to blame for not training their users effectively? Are victims of “romance” scams at fault for falling in love? Unlike with malware attacks — which often occur when a user is lured into clicking a malicious link or downloading a malicious attachment from a phishing email — no single entity is at fault when an attempted BEC scam becomes a successful BEC scam.

In terms of news coverage, BEC tends to keep a low profile. We don’t hear more about BEC scams in the media most likely because they’ve been around for years, aren’t advanced or sophisticated, and doesn’t sound all that newsworthy — especially compared to the plethora of ransomware and other attacks yielding global damages that spill over into the physical realm.

For example, take these two headlines:

“User at company x wired money out” versus “Ransomware attack encrypts hospital systems, putting lives at risk.”

Which one is more enticing?

Q: Some of the world’s largest organizations with the most advanced security protections have fallen victim to BEC. Why is that?

A: BEC is definitely one of the lower tech scams out there. What makes BEC unique and particularly challenging for security teams is that it typically does not use malware. Since most organizations’ network solutions are designed to detect malicious emails that do contain malware, BEC emails typically land right in users’ inboxes. When this happens, it’s up to the user to determine whether they are going to act on it.

Q: How have BEC scams evolved in recent years?

A: The messaging and social engineering tactics used in BEC scams have changed very little over the years — most actors are still able to steal money by using the same “can you wire money” story. The biggest shift has been the ability for attackers to target W2 information as well, which has been exploding over the last few years. Once the W2 data is stolen, attackers either sell it it on the Deep & Dark Web or use it to commit tax fraud. A single W2 can allow an attacker to extract thousands of dollars from the IRS — not to mention the serious financial and reputational damage it can cause to organizations and their employees.

Q: What can organizations and individuals do to avoid becoming victims of BEC?

A: One of the best ways to help protect organizations from this type of attack is to work with users and inform them of the threat. If an employee does not typically do wire transfers, why would a CEO ask them to? It’s crucial for users to recognize that any such situation could potentially be an attempted BEC scam — this is why education and awareness are always key. In addition, organizations could also consider implementing a measure called sender policy framework (SPF) that may help identify spooked emails.

Additional information on Business Email Compromise (BEC) and mitigation strategies is available in the Cisco 2017 Midyear Cybersecurity Report. Access it here.

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