Business Email Compromise & Wire Transfer Fraud

Aug 3, 2022 7:57:28 AM / by Andrew Cook posted in fraud, wire transfer

If anyone in your organization handles financial transactions, invoices, or payroll changes over email, you're at risk of wire transfer fraud. Criminals target sophisticated social engineering attacks toward anyone that can authorize or redirect payments or financial transactions, including accountants, salespeople, payroll and HR staff, and executives. The core issue is this: email is never a trustworthy way to validate a person's identity. It is critical that your leadership and users understand this. 

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