Security News > 2020 > April > Suspicious business emails increase, imposters pretend to be executives

U.S. small businesses report an increase in suspicious business emails over the past year, a cyber survey by HSB shows, and employees are taking the bait as they fall for phishing schemes and transfer tens of thousands of dollars in company funds into fraudulent accounts.

Over half of business executives said suspicious emails had increased in the past year.

Business email schemes could become an even bigger threat.

The scam is convincing because cyber thieves in many cases gain access to business email accounts and assume the false identities of company managers.

With millions of Americans working remotely from home since the outbreak of the coronavirus, business email schemes could become an even bigger threat, Zeilman said.

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