Business Email Compromise
Updated: Nov 4, 2022
If you are a business owner or manager with access to financial accounts, this warning is for you! Sneaky scammers are at work pretending to be your boss with the aim to steal your money. Typically, an email arrives asking for you to complete an urgent wire transfer, or change a direct deposit account. If the scammer is convincing enough (and may have even hacked the boss’s email account as part of the ruse), you have completed the task and are out the money before you even know what happened. So if anything seems unusual about a financial transaction request, be sure to verify the legitimacy over the phone or in person – not by replying to the email.