US Company Falls Victim To $100 Million CEO Email Fraud

Apr 15, 2016 8:08:36 AM By Stu Sjouwerman

An as yet unknown American company fell victim to nearly $100 million in CEO Fraud. Employees were social engineered by spoofed emails that claimed to be one of its legitimate vendors, ...

CyberheistNews Vol 6 #15 [FBI ALERT] Dramatic Increase In Email CEO Fraud To 2.3 Billion.

Apr 12, 2016 8:44:05 AM By Stu Sjouwerman

*|CyberHeistNews|*

How Mattel Lost $3M In CEO Fraud Phishing

Apr 9, 2016 8:29:52 AM By Stu Sjouwerman

Great story by Erika Kinetz at the Associated Press. How Mattel was the victim of CEO Fraud using phishing and social engineering to trick one of their executives in China to make a $3 ...

[FBI ALERT] Dramatic Increase in e-mail CEO Fraud To 2.3 Billion.

Apr 6, 2016 2:34:49 PM By Stu Sjouwerman

A brand new Alert by the FBI on April 4th 2016 warns of a major increase in what they call business email compromise or BEC (we call it CEO Fraud), amounting to a whopping $2.3 billion in ...

IRS Warns Against A Widespread CEO Fraud Phishing Scam

Mar 4, 2016 3:02:57 PM By Stu Sjouwerman

OK, heads up! This tax season there is a widespread new scam that specifically targets your HR and Accounting professionals. They get an urgent email from "the CEO" who asks them for all ...

CEO Fraud Phishing Attack steals 11,000 W-2s From Health Care Workers

Mar 4, 2016 11:31:55 AM By Stu Sjouwerman

A phishing incident has compromised the personal information of 11,000 Pennsylvania Main Line Health employees. Officials said the incident occurred on Feb. 16 when an employee fell for a ...

[ALERT] New Strain Of CEO Fraud: Urgent Request for W-2s

Feb 24, 2016 10:14:27 AM By Stu Sjouwerman

This morning, our Controller received an email from "me", stating the following: Alanna I want you to send me the list of W-2 copy of employees wage and tax statement for 2015, I need ...

Crelan Bank Loses 75.8 Million Dollars In CEO Fraud

Jan 25, 2016 9:46:24 AM By Stu Sjouwerman

The Belgian Crelan Bank was the victim of a 70 million euro (75.8M U.S.) fraud that was launched from another country. They claim (PDF) this CEO Fraud was discovered during an internal ...

CEO Fraud Costs Boeing Vendor 54 Million Dollars

Jan 24, 2016 9:40:00 AM By Stu Sjouwerman

Effective security awareness training for your high-risk employees is becoming a major priority. The accounting team of FACC, who design and manufacture aircraft components for Boeing and ...

Credit Union Chilling CEO Fraud Story

Jan 1, 2016 11:12:40 AM By Stu Sjouwerman

I received this the last day of the year from a Director of IT Security who works at a mid-size credit union. "Stu, I think you’ll be interested in my story. If you want to share it, just ...

Despite Warnings, CEO Fraud Scams Still Successful And Growing

Dec 13, 2015 10:43:08 AM By Stu Sjouwerman

In the last few months, law enforcement has warned repeatedly about a new scam that is rapidly expanding. The FBI calls it "Business Email Compromise" (BEC), but it is better known as " ...

New KnowBe4 Feature CEO Fraud Prevention Phishing Test

Oct 2, 2015 11:17:45 AM By Stu Sjouwerman

We just released a new feature that allows you to test your employees for "CEO Fraud" spear phishing attacks. When you create a phishing email template, you can now specify a Sender Name ...

KnowBe4 got a CEO Fraud phishing attack. Wrong Mark!

Sep 26, 2015 9:32:36 AM By Stu Sjouwerman

KnowBe4 has been warning against "CEO Fraud" emails for a few months now, the FBI also calls them "Business Email Compromise" (BEC). I had been hoping we would get one of these ourselves, ...

FBI ALERT: Cybercriminals Spoof Your Domain With CEO Fraud

Sep 17, 2015 11:38:37 AM By Stu Sjouwerman

The FBI recently warned against a new cyber crime wave. It's called "CEO Fraud" where cybercriminals impersonate your CEO using your own spoofed domain name, and order employees to ...

What Is Worse Than Ransomware? Business Email Compromise

Aug 28, 2015 9:31:00 AM By Stu Sjouwerman

You are getting your Scam Of The Week early. Yesterday, the FBI via their Internet Crime Complaint Center announced some shocking numbers. There is a 270 percent spike in victims and cash ...

CEO Fraud Social Engineering Scam On The Rise

Mar 10, 2015 10:40:30 AM By Stu Sjouwerman

Known variously as the “CEO fraud,” or the “business email compromise,” highly sophisticated cyber criminals try to social engineer businesses that work with foreign suppliers. This ...

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