Business Email Compromise (BEC) fraud
A fraudster impersonates a contractor, supplier, creditor or senior manager and asks to make changes to a payment account. If the details are changed, payments are then made into the fraudster’s account.
A fraudster directs users to malicious websites that aim to steal their confidential personal or financial information so the fraudster can use it to access accounts.
Also known as voice phishing, a fraudster posing as a trusted person phones a company to ask them to take action that would enable unauthorised payments or reveal sensitive information.
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