In the past year, so-called business email compromise attacks, also known as "masquerading" and "executive impersonation," have emerged as one of the greatest wire fraud worries. These schemes threaten to overshadow what was previously seen from commercial account takeover incidents.
In this session, we will explore how this technique is employed to assume control of a C-level executive's email address to con lower-level employees and/or even lower level staff into scheduling fraudulent wires.. This session will also detail:
- How perpetrators trick companies into sending payments based on compromised/fake invoices
- How payments are parked in a US-based account, then transferred overseas using money mules