September 27, 2021
Business

Scam artists are recruiting English speakers for business email campaigns

Native English speakers are being recruited in their droves by criminals trying to make Business Email Compromise (BEC) more effective. 

BEC schemes can be simple to execute and among the most potentially devastating for a business, alongside threats such as ransomware. 

A BEC scam will usually start with a phishing email, tailored and customized depending on the victim. Social engineering and email address spoofing may also be used to make the message appear to originate from someone in the target company — such as an executive, the CEO, or a member of an accounts team — in order to fool an employee into making a payment to an account controlled by a criminal. 

In some cases, these payments — intended to pay an alleged invoice, for example — can reach millions of dollars….

Read full article here: www.zdnet.com