Fraud is an unfortunate and permanent reality in business today. Check and ACH fraud continues to threaten companies, and cyber fraud has ramped up in the past few years, with cyber syndicates becoming as serious about their nefarious business as you are about your legitimate business. While no organization is immune from either internal or external fraud, it is imperative that you take preventive measures through use of technology and procedures.
One of the most common types of fraud is email compromise attacks. This cyber crime can target a business or an individual, and both can have devastating results. Be particularly wary of emails that have sense of urgency or last-minute changes to funding instructions. If you receive a suspicious email, make sure to avoid clicking links or downloading attachments. If you feel that your email has been compromised or have any questions, please send an email to firstname.lastname@example.org.
For a more in depth look at how to recognize and avoid email compromise, please review our detailed guide.