EMAIL SCAMS

Sunday Independent (Ireland) - Business & Appointments - - FRONT PAGE -

Ear­lier this month, three men were ar­rested as part of a Garda in­ves­ti­ga­tion into two in­voice re­di­rect­ion frauds of over €500,000. In one of the frauds, more than €300,000 was stolen from a Span­ish com­pany and redi­rected to an ac­count in Ireland.

In­voice re­di­rect­ion fraud, which tar­gets peo­ple in the work­place, is one of the most com­mon types of email fraud. With in­voice re­di­rect­ion fraud, a busi­ness gets a fraud­u­lent email which claims to be from an ex­ist­ing sup­plier and ad­vises that pay­ment for fu­ture bills or in­voices should go into a new bank ac­count. The email will look sim­i­lar to the emails usu­ally sent by that sup­plier —but if money is trans­ferred into the so-called new bank ac­count, it will be go­ing to the fraud­ster rather than the sup­plier. “In­voice re­di­rect­ion fraud usu­ally hap­pens when the fraud­ster has ei­ther hacked into your email — or hacked into a sup­plier’s email,” said Daven­port.

An­other com­mon fraud is CEO fraud, where you typ­i­cally re­ceive a very de­mand­ing email from your ‘boss’ ask­ing you to im­me­di­ately trans­fer money to an ac­count so that a sup­plier can get paid. The ac­count how­ever be­longs to the fraud­ster. To avoid fall­ing for CEO scams, watch out for emails from work col­leagues which seem un­usual. “Peo­ple are of­ten rushed in work, but if you get an email like this, take a break, pause, ask your­self if the email looks right, and fol­low up with a phone call to con­firm,” said D’arcy.

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