CFOs & financial employees become good scam targets
Experts reveal scammers focusing efforts on employees with access to company finances or payroll data.
CFOs and financial employees are the most at risk of being targeted in business email compromise schemes according to the latest global research report from Campbell-Calif. based Barracuda Networks.
In its study, based on an analysis of 3,000 BEC attacks, Barracuda, a provider of cloud-enabled security and data protection solutions, revealed more than 33% of the primary targets of BEC attacks are CFOs and financial employees; and over 46% of attacks seek to initiate a wire transfer.
The report warned criminals use BEC attacks to obtain access to a business email account and imitate the owner’s identity to defraud the company and its employees, customers or partners. “In most cases, scammers focus efforts on employees with access to company finances or payroll data and other personally identifiable information.”
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