Corporate Phishing Emails by your Own CEO or CFO

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Corporate Phishing Emails by your Own CEO or CFO
Eugene James, Manager, Switzerland, Premium Member
Phishing emails constitute a serious threat to the financial stability of a firm. Traditionally, a phishing email involves an unknown sender that requests a recipient to access a web link, which then aks the user to enter certain account data (username, password, ) which then enable the sender of the email to break into the recipient's information system and gain access to confidential information or to perform transactions.

In recent times, criminals have raised their game to introduce a more devious form of phishing email to extort considerable sums of money from unsuspecting finance officers. The practice consists of posing requests as a senior executive within the firm such as the CEO or CFO with similar looking email domain names and request the recipient to urgently transfer a (large) sum of money for fake purposes, such as the acquisition of assets or a company related expense. In the United Kingdom, estimates su...Sign up


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