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
EMAIL PHISHING 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. NEW: CORPORATE EMAIL PHISHING 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 suggest that 7.6 (...) Read more? Sign up for free
 

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