The business email compromise scam happens when a fraudster impersonates a senior member of staff to trick someone at the company to transfer funds to the fraudster’s account. While that may sound simple enough, the scam can be quite sophisticated in the way it’s put together – with many months of detailed planning going into the end result. It’s that level of sophistication and complexity that can also make it very hard to detect.

Read full article here. Source: Macquarie. Image: Shutterstock