Fraud on bank transfers: social engineering (including President’s fraud and supplier fraud)

Fraud against the government may take various forms.

Fraud against the government can take multiple forms.

And then there is the more publicized type of fraud known as “Fraud Against Individuals”.

The scam is known as the “Fake President” fraud.

Government Fraud: What Does it Look Like and How Can it Be Prevented?

Identity theft and bank fraud are among the most prevalent threats to the banking system.

Your life has just been turned upside down: you have just become a victim of a CEO scam.

CEO scams are one type of fraud where the objective is to initiate an unauthorized transfer of funds.

This scam is sometimes referred to as business email compromise (BEC) or CEO fraud.

Or more specifically, business email compromise (BEC), aka CEO fraud.

At the same time, fraud is growing at an unprecedented scale, and takes various shapes: application fraud, identity theft, President’s fraud, social engineering…

New tactics, such as 'CEO-Fraud', continue to put companies and their employees to the test.

The number of “Business Email Compromise” (BEC) incidents, also known as “CEO fraud” scams, is on the rise.

Between 2014 and 2016, CEO fraud affected 12,000 companies and cost $2 billion.