Security News > 2020 > April > Scammers exploit coronavirus for Business Email Compromise campaigns
Cybercriminals are deploying COVID-19-themed gift card scams, wire transfer scams, and payroll scams aimed at organizations and their employees, according to security provider Trustwave.
Phishing emails are a favorite tactic used by scammers to try to convince people to share account credentials, financial information, and other private data.
In this one, the scammer impersonates a company employee with a request to update his direct deposit information in light of the coronavirus.
The request is urgent, says the scammer, as the coronavirus has already pushed the project behind on its deadline.
"The fact that a company email is associated with a real corporate user, who could be prone to trickery, makes it a lucrative target. BEC scammers recently capitalized on the coronavirus pandemic and combined it with BEC scam impersonation techniques as a perfect combo to lure and trick users into sending money or gift cards to the scammers."