Protecting Your Organization from Email Fraud

Online fraud schemes are becoming the norm. This troubling trend affects inboxes on a daily basis with malware that clones email accounts, or tracking botnets that illegally wire funds to fraudulent bank accounts. These scams are most frequently carried out by compromising user emails at a company t...

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Bibliographic Details
Published in:American Fastener Journal 2016-09, Vol.32 (5), p.72-72
Main Author: Anon
Format: Article
Language:English
Subjects:
Computer programs
Computer viruses
Cybercrime
Electronic mail
Email
Employees
Fraud
Malware
Network security
Networks
Organizations
Wire
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Summary:Online fraud schemes are becoming the norm. This troubling trend affects inboxes on a daily basis with malware that clones email accounts, or tracking botnets that illegally wire funds to fraudulent bank accounts. These scams are most frequently carried out by compromising user emails at a company that regularly makes wire transfers. Email scams are becoming much more sophisticated because hackers are now using software that can infiltrate the basic network security systems that are commonly used by organizations. What is particularly alarming about business email compromise techniques is that they do not directly infiltrate user financial accounts, but they convince users to allow hackers access to them. From there, all it takes is for one employee to open an attachment and hackers can gain access to that person's inbox, or these cyberattackers can use dummy domain names to send emails to other employees to lure them into opening the message.
ISSN:1064-3834