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.
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.
Modern Spear Phishing is a Security Wake-Up Call
Spear phishing attacks prey on the fact that employees want to please a superior or some other high-level executive.
Hackers Target Finance Department of Networking Firm
Hackers duped the company, Ubiquiti Networks, into transferring money to accounts overseas.
Criminals Posing as CFOs to Commit Wire Fraud
They hack into companies' email, pretend to be senior executives and direct employees to make bogus financial transactions.