CEO wire transfer scams (also sometimes known as whaling attacks, BEC, or Business Email Compromise) are becoming a big problem. Scammers, impersonating a CEO or other high-up executive inside a company, send an urgent request to a more junior member of staff, urging them to forward sensitive information or transfer a large amount of money.
The problem is that no-one likes to say “no” to the big boss. As a result, some companies have had many millions of dollars stolen from them – recently, for instance, Graham wrote about a European firm which lost 40 million Euros after it was targeted by an email scammer.
Read more Graham Cluley or this LinkedIn-article from Vincent Voci.
