Europol’s major review of online threats warns fraudsters are emaling or phoning employees with access to company funds.
Cyber criminals are posing as CEOs of companies and conning lower-ranking staff into transferring large sums of money to them, Europol has warned in a major review of online threats.
The European Unions law enforcement agency said fraudsters were emailing, or even phoning, employees with access to company funds and instructing them to carry out their urgent demands.
Subsidiaries of multinationals are being targeted in this new area of cyber crime, as staff in regional offices often do not know senior management in holding companies and may be fearful of losing their job if they do not obey, the report warns.
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