CEO fraud is the driving force behind business email compromise (BEC) scams, also known as CEO fraud or whaling attacks. Scammers craft a legitimate-looking email purportedly from a CEO asking subordinates to perform wire transfers or make payments. The tactic has diverted more than $2.3 billion to attacker accounts, according to Trend Micro. There are ways to avoid the sting of CEO fraud: Ask, ask, ask and get phone, text or face-to-face confirmation, experts say.”]
Source: https://securityintelligence.com/news/ceo-fraud-email-scammers-reading-between-the-lines/