Latest Phishing Scam – Don’t Fall For It

June 10th, 2015
Latest Phishing Scam – Don’t Fall For It

Phishing Scam

Don't think you could ever be fooled into sending thousands of dollars overseas? Many businesses are...

Lately, a number of businesses have been receiving a scam email (phishing) that many users are falling for. Here's how it works:

  1. The con artist creates a fake email that is very similar to the CEO's email at your office. For example, my email is so the criminal may use (notice the extra "j").
  2. The crook then checks the company's website and sends an email to the CFO or Vice President that appears to come from the CEO.
  3. In the email, the crook asks for money to be wired to a foreign bank.

Unlike many hacks or viruses, this scam requires a considerable amount of work from the crook. However, it's worth it. I know of one business which wired over $100,000 to a foreign bank!

Take a few minutes to discuss this with your accounting department, and be careful about wire transfers.