EasylifeIT™ appoints James Allison as Strategic IT Consultant From today, 3rd April, I have joined EasylifeIT™ in the new rol...
What is CEO fraud and what can we do to avoid it?
CEO fraud reputedly cost companies a whopping $1.1bn in 2018 and has been increasing steadily ever since. Impacting any size of company from micro to enterprise it is essential to understand how the scam works to protect your company and employees from it.
Firstly, what is it?
CEO fraud is when scammers impersonate a company executive making urgent and sometimes confidential requests of a member of staff within the company. Their motivation is usually financial, but we have seen rare instances where confidential data has been requested.