CEO fraud is when cybercriminals attempt to impersonate senior executives to deceive employees into transferring funds or sensitive information.
These fraudsters target specific employees with personalized emails, usually asking their victims to complete a business activity such as paying a bill. They learn as much as possible about their targets and organization to make the emails more convincing. They can obtain this information from websites and social media sites. For example, LinkedIn provides them with a plethora of information about a target, such as job history, connections with colleagues and even samples of how they write. Continue reading “How to identify CEO fraud”