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Business Payroll Compromise a New Way for Criminals to Steal from Your Company

FBI calculated that globally over $12 billion worth of losses had been exposed by business email compromise scams between October 2013 and May 2018. A typical attack sees a criminal either pose as your boss, sending emails that ask you a lowly employee to transfer business funds into a bank account under their control. With that information they then create fake invoices for genuine projects being undertaken, and try to fool finance departments into paying large amounts of money into bank accounts under fraudsters control. Agaris advice for organisations is simple take a look at your current process for updating payroll systems.”]

Source: https://businessinsights.bitdefender.com/business-payroll-compromise-criminals-steal-company

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