Stay On Top Of Business Email Compromise

Business Person Checking Email on Mobile Device

*Originally Posted July 11, 2016. Updated May 27, 2020*

You’ve heard the old saying: “Don’t open an email from someone you don’t know.” You assume that your employees understand how to spot a phishing scam with illegitimate hyperlinks or suspicious attachments with odd file extensions. But what if they receive an email that appears to come from your financial adviser, your business’ trusted vendor, or even you? The Federal Investigation Bureau (FBI) has anticipated an uptick in BEC scams during the coronavirus pandemic. Since the beginning of the crisis, businesses are seeing 80% of scam emails are using COVID-19 messages. Continue reading

Fraudsters Bring Back Old Scams With New Tricks

New Channels, Old Scams 

In an age where the latest technology is available to the everyday consumer, it may be hard to believe people still fall for classic scamming methods. However, fraudsters that utilize scare tactics continue to be highly effective – especially in online, mail, or phone scams

The Federal Trade Commission (FTC) found millennials to be more at risk for online scams than seniors. At first glance, this may sound surprising given that younger generations often are more digitally aware. 

But with the increasing number of people using connected technology and Internet-enabled devices, it also means that more information about you is now available to the public – consumers, businesses and fraudsters alike.   Continue reading