Business Email Compromise is on the Rise
Some of these aspects of email fraud are evolving. Fraudsters increasingly spoof the actual email address of the CEO or trusted business partner, and ask for the money to be sent to a domestic bank account, according to PhishLabs.
This scam is both very profitable and difficult to defend against using traditional defenses, said Markus Jakobsson, ZapFraud's founder and CTO.
Are you running email analytics to detect fraud? Read on the learn more ...