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Every company should inform their employees of the email impersonation scams going around. > In the scam, a criminal mimics a chief executive’s email account a
by nostromo 11y ago
Every company should inform their employees of the email impersonation scams going around.
> In the scam, a criminal mimics a chief executive’s email account and directs an employee to wire money to an overseas bank account. By the time the company realises it has been duped, the money is gone.
> [This scam] has cost businesses around the globe more than $2bn in little over two years, according to the US Federal Bureau of Investigation," with more than 12,000 victims, some of which "have been tricked into sending as much as $90m to offshore accounts."
http://www.ft.com/intl/cms/s/0/83b4e9be-db16-11e5-a72f-1e7744c66818.html http://www.ft.com/intl/cms/s/0/83b4e9be-db16-11e5-a72f-1e774...
- forgetsusername 11y agoI'd go a step further and say it's a failing of management and process at said company if any employee felt that the CEO emailing for payroll information was "normal".
- jtfairbank 11y agoAgreed. We setup our bank account to require two signers to approve any wires, and they gave us a Key Fob for two factor authentication for wires. As the company scales, we may add other people like a CFO to the bank account, but we will always require two people to authorize wire transfers.