Security News > 2022 > August > How a business email compromise scam spoofed the CFO of a major corporation

How a business email compromise scam spoofed the CFO of a major corporation.

Business email compromise attacks work by using a standard phishing scheme and then lending it authority by impersonating a trusted and often high-ranking individual associated with the targeted organization.

In a report released Thursday, August 25, email security provider Avanan describes one particular scam that spoofed the chief financial officer of a large sports company in an attempt to steal money.

Phishing attempt disguised as a payment request from CFO. In this attack, the phishing email impersonated the CFO with a request to send a payment to their insurance company.

Business email compromise attacks often work for a few different reasons.

Also See Share: How a business email compromise scam spoofed the CFO of a major corporation.

News URL

https://www.techrepublic.com/article/new-business-email-scam-spoofs-cfo/