Cyber Card #03 – CEO Fraud aka Business e-mail compromise

Cyber Card
10 August 2019

This Cyber Card suggests practical tips to avoid falling victim to CEO Fraud, one of the most widespread cyberattack techniques.

The CEO or business email compromise scam is an increasingly effective and widespread online scam that causes financial damage, some of it very high, to the organization that suffers it.

The scam takes shape according to a well-known plot:

  1. an organization’s email account is compromised by a cybercriminal
  2. the scammer sends an employee an email that comes from a senior figure in the organization
  3. in the email, the scammer tricks the employee into making an urgent cash payment or sending sensitive information

It is important in such cases to defend oneself against fraud:

  1. Have a wise and cautious attitude
  2. Never act in an impulsive manner
  3. Verify the authenticity and legitimacy of the request
  4. Remember that pressure and urgency are often the first indicators of a scam

Keep following our Cards, you will find some simple tips to defend yourself against Cyber Crime!

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