Don’t let your company fall victim to “CEO Fraud”!

More and more companies are becoming victims to this Email Scam, please inform your employees as well as management! The only way to fully protect your company is through training and instituting strict policies with regard to wire transfers. NEVER allow wire transfers of funds without VERBAL confirmation, no matter the emergency.

“The scam has been reported in all 50 states and in 79 countries,” the FBI’s alert notes. - And has even shown up here in Huntsville, Alabama.

According to the FBI, thieves stole nearly $750 million in such scams from more than 7,000 victim companies in the U.S. between October 2013 and August 2015.

"The FBI urges businesses to adopt two-step or two-factor authentication for email, where available, and/or to establish other communication channels — such as telephone calls — to verify significant transactions. Businesses are also advised to exercise restraint when publishing information about employee activities on their Web sites or through social media, as attackers perpetrating these schemes often will try to discover information about when executives at the targeted organization will be traveling or otherwise out of the office."

Read more here, and make sure everyone in your organization is aware of this threat!

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