Posted 1/7/2024, 6:24:00 AM
Business Email Fraud Soars 89% as Scams Become More Sophisticated
- Fraudulent business emails increased 89% globally in the first half of 2023 vs the prior year
- In May, a Japanese company's overseas affiliate CEO received an email impersonating the Japanese chairman
- The email was followed by a call from someone impersonating a senior managing director
- The caller hung up when the CEO questioned if they were who they claimed to be
- The text is from an article about business fraud doubling due to new technology making crime more efficient