An email phishing scam known as CEO fraud that targets gullible employees is sweeping the world and costing firms millions.
Have a Look at the BBC News website
- Someone poses as a boss of a company instructing staff to make a wire transfer into the fraudster's account
- Fraudsters pose as the IT services department of a bank saying they want to make a test transfer - but it's not a test
- Fraudsters claim to be a supplier and ask for outstanding invoices to be paid into a new bank account
- Employees click on links within phishing emails containing malware which authorises many small payments to the fraudster's account
This type of email can more easily bypass spam filters and antivirus security systems.
It doesn't need attachments carrying malware, it's just a conversation
It's very low-tech and a big departure from the large, automated malware attacks we're used to.
Businesses should be on their guard.