What are the most common CEO fraud scams? In this Business Reporter article, John Wilson discusses the different schemes threat actors use.
Originally published in Business Reporter.
“Most CEO fraud schemes are not particularly well thought-out. The scammer Googles the name of a company’s CEO, then uses a free trial of a marketing service such as ZoomInfo or Lead411 to gather a handful of contacts in HR or Finance, depending on the scam they are attempting.
Next, they send out a batch of templated emails, usually from a free webmail account. In this scenario, the amount of research they’ve done is minimal, because they are counting on volume rather than quality. Typically, their bet pays off.”
Read the full article here.