Scammers deepfake CEO’s voice to talk underling into $243,000 transfer

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This is why your company needs TRAINING, TRAINING, TRAINING to guard against rampant BEC/invoice abuse. $26 billion lost in the last 3 years according to the FBI. CONTACT US! We can help you and it will be a TON cheaper.

Any business in its right mind should be painfully aware of how much money they could bleed via skillful Business Email Compromise (BEC) scams, where fraudsters convincingly forge emails, invoices, contracts and letters to socially engineer the people who hold the purse strings.

The Wall Street Journal reports that some time in March, the British CEO thought he had gotten a call from the CEO of his business’s parent company, which is based in Germany.

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The caller had an “urgent” request: he demanded that the British CEO transfer $243,000 to a Hungarian supplier within the hour. He complied and made the transfer.

 

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