Scammers and cyber crooks did not take long to adapt their usual fraud to this uncertain period caused by the Covid-19, refinishing notably their sadly notorious “CEO Fraud” to the present circumstances.
While all companies face great challenges dealing with continuity plans, reduced working hours of employees, cash pooling strategies to balance the accounts as well as restructuration projects in order to optimize the condition and the management of their cash flows, the floating triggered by the simultaneous global home office creates greater than ever opportunities for fraudsters.
With the surrounding fear of a forthcoming chaos, the internal daily routines are by essence considerably disrupted and the status of emergency is presumed by all and hardly questioned at all echelons of the hierarchy in these unprecedented times. The fraudsters do no longer need to be that creative to convince non extra-cautious accountants in remote working to approve and release damageable banking transfers.
None of the below tips are new but with the significant increase of scams experienced of the last couple of weeks, a gentle reminder would not harm.
Read the entire article