Email Spoofing Continues to Target Corporate Executives

spoofingRecently corporations have been targeted by scammers posing as executives or employees in order to initiate unauthorized international wire transfers. The so-called “spoofers” simply create a valid sounding email domain name and con businesses into sending money. According to the FBI, “CEO fraud”, “spoofing” and “business email compromise” has taken nearly $750 million in comparable scams from nearly 7,000 companies in the U.S. between October 2013 and August 2015.