business email compromise Archives - CFO

Protecting Against Cyberattacks in a Remote Worker World

Protecting Against Cyberattacks in a Remote Worker World

Companies should invest in training to help employees ward off social engineering attacks, which use social media, personal profiles, and websites.

By Vincent Ryan | February 22, 2021

U.S. Finds Surge in Business Email Scams

U.S. Finds Surge in Business Email Scams

FinCEN reports that the total value of attempted thefts climbed to an average of $301 million per month in 2018 from only $110 million per month in 2016.

By Matthew Heller | July 17, 2019

Scammers Target ACH Transactions

Scammers Target ACH Transactions

"Fraudsters are now trying to use ACH transactions as vehicles for their scams as they move away from checks and wires," said the AFP.

By Vincent Ryan | April 9, 2019

Hackers Target 35,000 CFOs for Phishing Scam

Hackers Target 35,000 CFOs for Phishing Scam

A Nigerian gang's "business email compromise" scam aimed at finance execs shows how cybercriminals are becoming more sophisticated.

By Matthew Heller | December 5, 2018

Email Scammers Still Tripping Up Finance Personnel

Email Scammers Still Tripping Up Finance Personnel

The SEC finds that internal accounting controls failed to prevent nine public companies from losing money to business email fraud.

By Vincent Ryan | October 16, 2018

Corporate Payments Still Attracting Fraudsters

Corporate Payments Still Attracting Fraudsters

Seventy-four percent of finance professionals report that their companies were victims of payments fraud in 2016, according to the AFP.

By Vincent Ryan | April 4, 2017

AICPA Warns of Executive Impersonation Scam

AICPA Warns of Executive Impersonation Scam

The association says scams in which cybercriminals send fake emails from a top executive to initiate wire transfers are becoming increasingly prevalent.

By Matthew Heller | September 23, 2016