Over the past year, our team has uncovered a disturbing trend: sophisticated email impersonation scams targeting businesses. Fraudsters create fake email addresses, often changing just one digit, to deceive clients into redirecting payments to alternate accounts.
Protect Your Business
Two key measures can prevent these scams:
- Robust anti-virus systems to safeguard against email hacking.
- Verify bank account changes through secure, alternative channels, such as:
- Unique One-Time Passwords (OTPs) sent to authorised personnel (e.g., Financial Directors or CEOs).
- Direct confirmation with the company’s authorised representatives.
Don’t fall victim:
- Be cautious of emails requesting account changes.
- Scrutinise email addresses for subtle variations.
- Implement multi-layered verification processes.
Stay vigilant and report suspicious activities.