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Account Takeover: The New Wrinkle

Fraudsters disable email Verification Service in CA Scam that defrauded $465,000. Hackers broke into the company’s network, stole bank credentials and sent 26 wire transfers out of the country. Security experts say there are lessons to be learned by businesses to avoid corporate account takeover via ACH and wire fraud. A secondary authentication (or out of band) message should be sent prior to the wire transfer being completed, expert says. Use a stand-alone computer that is not being used by anyone else to surf the web.”]

Source: https://www.cuinfosecurity.com/account-takeover-new-wrinkle-a-2728

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