There has been a recent rise in scammers posing as company executives targeting company finance department executives with emails asking for large sums of money to be transferred into bank accounts. The scammers purpose is very simple.— get the recipient to process a payment for fake goods or services by way of a bank wire or credit transfer.
The scammers will typically send an email to a senior member of the company finance team, usually pretending to be from the CEO or a senior executive of the organization. Typically senior employees working in the finance department of a company will have the ability to make these types of payment requests.
The scammers spoof the “From” address to make it look as though the email is coming from a company executive, even though the true sender’s address is different. The “Reply-To” address, usually a webmail address, can be seen when the user clicks reply.
If you receive a wire transfer request that seems out of the ordinary, always check that the sender is who they say they are. Ask yourself: is this a normal procedure for your company executive to ask for an urgent wire transfer?