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How does this work? The CEO is ostensibly supposed to wire cash into the mark's bank account, but needs their banking info?
by Hydraulix989 10y ago
How does this work?
The CEO is ostensibly supposed to wire cash into the mark's bank account, but needs their banking info?
- codezero 10y agoA person posing as the CEO emails someone who has access to wire money on their behalf, and provides a target account to transfer to.
- celticninja 10y agoSomeone pretending to be the CEO emails the CFO, CFO makes the payment. As mentioned they usually compromise the email system first and look for similar requests, this way they know what sort of format the CFO is expecting and the figures that they deal with, try to make it look as usual as possible.