USING MULTIPLE METHODS OF DECEPTION

VENDOR FRAUD

Fraudsters send an email to the accounts section of a company using the same address as one of their suppliers or clients. They do this using a proxy server and email address. The accounts section receives the email with instructions detailing how they have changed their bank details and to ‘update their records accordingly’. The money is transferred straight into the fraudster’s account.

CEO FRAUD

An email is sent to the accounts section purporting to come from the chief executive of the company. A proxy email is again used and the person who receives the email acts on it because it appears to have come from someone high up in the company. The email is usually a request for a sum of money to be transferred into an account as soon as possible.

FALSE INVOICE FRAUD

This fraud is where the criminal sends an email that appears to come from a client with an invoice attached. A proxy email is used to send the invoice.

CRIME PREVENTION

Do not hit reply: send a reply by opening up a new email and typing in the address of the person you want to contact.

HOW TO BEAT THE FRAUDSTERS

Phone the person to verify the details before making any payment. Be aware of the different types of fraud that are targeting businesses.