New Business Email Attack Spoofs CFOs To Lure Finance Employees Into Transfering Money: Avanan

Researchers at Avanan, a Check Point Company, have discovered threat actors are spoofing CFOs in order to get finance employees to send money back to hackers. And they have a report analyzing a Business Email Compromise (BEC) attack where hackers spoof domains to impersonate the CFO of a major sports corporation.

This campaign presents employees with an email from the CFO of a major corporation requesting the employee to make a payment to West Bend Mutual, a legitimate insurance company via ACH transfer or Wire Transfer.

Seeing as I have come across businesses losing tens or hundreds of thousands of dollars in scams like these, this report is worth your time to read. It can be found here.

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