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CEO Fraud Blog

News about the latest CEO fraud attacks. See how the bad guys actually do this and how much money companies lose to this type of scam.

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FBI: "Extortion And CEO Fraud Are The Top Online Fraud Complaints"

Jun 24, 2017 11:01:30 AM By Stu Sjouwerman
And victims aren't reporting ransomware attacks... Online extortion, tech support scams and phishing attacks that spoof the boss (CEO Fraud) were among the most damaging and expensive ...
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Southern Oregon University Lost $1.9 Million Due To CEO Fraud

Jun 15, 2017 11:32:31 AM By Stu Sjouwerman
Mail Tribune reported that Southern Oregon University is just the latest victim of CEO fraud (which the FBI calls Business Email Compromise or BEC) after hackers tricked university ...
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[ALERT] FBI: "CEO Fraud Is Now 5.3 Billion Email Scam"

May 6, 2017 10:55:48 AM By Stu Sjouwerman
There is no better budget ammo for new-school security awareness training than this. Attempts at cyber wire fraud, using spoofed email to impersonate a C-level executive or trusted ...
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Can Your Domain Be Spoofed? Find Out For A Chance To WIN!

Apr 7, 2017 3:40:12 PM By Stu Sjouwerman
Can You Be Spoofed? Find Out For A Chance To WIN!    Did you know that one of the first things hackers try is to see if they can spoof the email address of someone in your own domain? Now ...
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Who Were The Two Big US Tech Companies That Lost $100 Million In CEO Fraud?

Mar 23, 2017 6:51:21 AM By Stu Sjouwerman
4/28/2017 UPDATE: Facebook and Google confirmed as victims of $100M phishing scam. Story at The Verge. In an update on an earlier post of April 2016, more detail came known about this ...
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Campbell County Health Falls Victim To W-2 CEO Fraud

Jan 30, 2017 5:06:52 PM By Stu Sjouwerman
And another one.  You have to watch it, the tax scam season is back in full swing.  Full W-2 information including SSN# for more than 1,400 employees who worked over the past year at ...
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Sedgwick County Loses $566,000 Due To CEO Fraud

Jan 30, 2017 4:46:45 PM By Stu Sjouwerman
WICHITA, Kansas - A Georgia man has been arrested on federal charges he carried out an e-mail spoofing scheme that cost Sedgwick County $566,000.  George S. James, 48, Brookhaven, Ga., is ...
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Why You Should Be Afraid of CEO Fraud [INFOGRAPHIC]

Jan 27, 2017 5:00:27 PM By Stu Sjouwerman
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City Of El Paso Victim Of 3 Million Dollar Phishing Scam

Nov 5, 2016 3:36:25 PM By Stu Sjouwerman
During a news conference Wednesday afternoon, city officials revealed that cybercriminals pretending to be a vendor scammed the city's Accounts Receivable Department out of about $3 ...
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AI-powered ransomware is coming, and it's going to be terrifying

Oct 12, 2016 8:09:30 AM By Stu Sjouwerman
Business Insider started an article with the following: "Imagine you've got a meeting with a client, and shortly before you leave, they send you over a confirmation and a map with ...
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Investment fund loses $6 million in CEO Fraud and shuts down

Sep 19, 2016 12:59:43 PM By Stu Sjouwerman
CNBC reported some pretty stunning breaking news. I cannot come up with a better case for new-school security awareness training for employees in accounting and HR. A lawsuit filed on ...
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Seagate Sued By Own Employees For CEO Fraud Attack

Sep 12, 2016 7:48:16 AM By Stu Sjouwerman
Hard drive manufacturer Seagate was sued by its own employees as the result of a successful CEO fraud attack where all the personal information of 10,000 existing and former employees ...
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Having some Phun With Phishers - CEO Fraud Blow-By-Blow

Sep 10, 2016 11:01:39 AM By Stu Sjouwerman
For the last 9 years I have been a board member of the public/private  Clearwater Downtown Partnership.  And as many public organizations, all the board member information is freely ...
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Cyberheist Nets 44 Million In Single CEO Fraud Attack

Sep 1, 2016 8:02:02 AM By Stu Sjouwerman
Earlier in August, one of the world's largest cable manufacturers Leoni AG publicly confessed that it had fallen victim to a classic CEO Fraud attack that has cost the company a whopping ...
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Scam Of The Week: FBI Warns Against Data Breach Extortion

Jul 11, 2016 7:58:40 AM By Stu Sjouwerman
The number of data breaches keeps going up. Last week it was more than 1,000 Wendy's where credit card records got ripped off. Fraudsters quickly use the news release of a high-profile ...
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Wow, the bad guys are moving fast with CEO Fraud!

Jul 2, 2016 9:41:53 AM By Stu Sjouwerman
KnowBe4 is expanding fast, we now have 120 employees and we just hired a new controller late May to help out our very busy CFO. Part of the KnowBe4 onboarding is getting through our ...
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Top website domains are vulnerable to email spoofing

Jun 25, 2016 10:11:03 AM By Stu Sjouwerman
Don’t be surprised if you see spam coming from the top websites in the world. Lax security standards are allowing anyone to "spoof" emails from some of the most-visited domains, according ...
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FBI: Business e-mail scam losses top $3 billion, a 1,300% increase in since Jan.

Jun 16, 2016 11:45:10 AM By Stu Sjouwerman
The FBI’s Internet Crime Complaint Center (IC3) this week said the scourge it calls the Business Email Compromise continues to rack-up victims and money – over $3 billion in losses so ...
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Scam Of The Week: FBI Warns Against Email Extortion

Jun 5, 2016 9:48:43 AM By Stu Sjouwerman
Your employees are being attacked both inside and outside the office. This new email extortion scam called CEO fraud can hit in both places, so it makes sense to warn them about this ...
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CEO And CFO Fired After Aerospace Company Grounded By CEO Fraud

May 31, 2016 1:06:27 PM By Stu Sjouwerman
Here is a great way for C-level execs to lose their job: allow your company to become the victim of CEO Fraud.  That happened to the CEO and CFO of FACC, part of both Airbus' and Boeings' ...
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