#FraudFriday Alert: Businesses Should Beware of Emails Compromising Accounts

Published : Friday, March 22, 2019 | 10:58 AM

Fraud Friday – Business Email Compromise Scam from LADAOffice on Vimeo.

A dutiful employee may be duped into making false payments that can hurt a business’s bottom line.

In the Business Email Compromise Scam, a con artist sends an employee an urgent email that appears to be from the company’s owner or a manager. The email directs the employee to immediately pay a client through a wire transfer or other means. Instead, the money ends up in the fraudster’s account.

Criminals use similar tactics to get information they can use to access a company’s email system and send fake invoices to the business’s clients.

• Closely review payment requests.
• Ensure email and web addresses are real.
• Independently confirm wire transfer and other payment details with all parties involved.

For a printable version of this fraud alert, click here.

Deputy District Attorney Sean Hassett explains how the scam works in the above video.

Follow @LADAOffice on Twitter and Instagram for up-to-date news and use #FraudFriday.







blog comments powered by Disqus