WATCH OUT, NEW EMAIL SCAM! “CEO FRAUD”
There is a new email scam known as “CEO fraud” circulating right now, effecting businesses around the globe and costing over US$2 billion and numbers are rising according to the US Federal Bureau of Investigation.
This scam involves criminals impersonating the email accounts of chief executives and directing an employee to transfer funds to an overseas bank account. By the time the company realises it was a duplicate email the money had disappeared.
How do we reduce becoming victim to this?
We can reduce this by taking additional procedures to prevent this, by simply calling the executive to confirm on the transfer and taking the time to check the email address if such request is made.