The threat of fraud and cyber-crime is not new, however so much happened over the last few weeks that brought it to the forefront of my attention, and made me realise how vulnerable a company can be to such attacks.
A client was defrauded of a substantial amount of money; the way in which the fraudsters worked was incredible. It appears as though they got access to the companies e-mail system and sent e-mails from the directors to payroll. The e-mails contained new bank details for an employee, for their salary to be paid to.
Payroll actioned the request. Read more