Is your boss who s/he says s/he is?

Iain Thomson

Scammers have bilked American companies out of $2.3bn from 17,642 victims since 2013, the FBI has warned, and the problem is going to get worse before it gets better.

Basically, the hustle works like this: miscreants pretending to be top bosses send emails to employees, particularly those handling sensitive financial information, asking for records. The staffers, tricked into thinking the messages are legit, hand over the data to the crooks, who then exploit the info to fill their pockets.

“The schemers go to great lengths to spoof company email or use social engineering to assume the identity of the CEO, a company attorney, or trusted vendor,” a security alert from the FBI’s Phoenix office warned this week.

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