{"id":2731,"date":"2024-12-05T14:42:06","date_gmt":"2024-12-05T13:42:06","guid":{"rendered":"https:\/\/enthec.com\/?p=2731"},"modified":"2024-12-17T12:22:59","modified_gmt":"2024-12-17T11:22:59","slug":"what-is-ceo-fraud-and-how-can-it-be-avoided","status":"publish","type":"post","link":"https:\/\/enthec.com\/en\/what-is-ceo-fraud-and-how-can-it-be-avoided\/","title":{"rendered":"What is CEO fraud, and how can it be avoided?"},"content":{"rendered":"

Cybercriminals benefit significantly from the success of cyberattacks known as CEO fraud and the evolution of technology behind the proliferation of this type of attack.<\/p>\n

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What is CEO fraud?<\/h2>\n

CEO fraud, or “Business Email Compromise” (BEC)<\/strong>, is a cyber scam in which criminals impersonate a company’s CEO or senior executive to deceive employees and obtain money transfers or confidential information. This type of fraud has gained notoriety in recent years due to its effectiveness and the significant financial impact on organizations.
\nCEO fraud is characterized by its sophistication and the use of<\/strong> social engineering<\/a> techniques. Cybercriminals thoroughly investigate the targeted company, gathering information about its organizational structure, executives, and employees. They use this information to create forged emails, apparently sent by some senior official, that appear authentic and often contain a sense of urgency.
\nThese emails may request money transfers to bank accounts controlled by the criminals <\/strong>or the disclosure of sensitive information.
\nSome of the techniques<\/strong> used to carry out CEO fraud are:<\/p>\n