Internet Scam Robs Companies of Millions

Hackers have found a new way to steal from companies and it has more to do with people than it does technology.  Millions of dollars have been reported stolen from large corporations and they are handing it over themselves!

This is how the scam works…

Hackers will target the leaders of the company, usually the CEO and the CFO, using public available information. The attackers with find out the inner workings of the company and learn the policies for financial transactions. They make a domain name as similar to the name of the company as possible, LUTHERCORP.ca vs. LUTHERRC0RP.ca, and send an email to the CFO from that false domain.

internet scam

The email will claim to be from the CEO asking for a large sum of money to be wired to an account. The email will often be full long business conversations with other company executives to make it seem real and will be marked as urgent. Making it urgent often bypasses many of the regular security steps in wiring money. Once the money has been sent, there is no getting it back.

How can I protect my company?

  • Have a multi-step system for withdrawing money that involves more than 1 person within the company
  • Open up communication within the company so that people know it’s okay to ask questions
  • Establish a physical or verbal signature for withdraw so that the entire transaction isn’t online

What does OffSite IT do to keep you protected and operating at your best?

OffSite IT is all about keeping you protected and operating at your best. We provide managed IT services wherein we handle absolutely everything – from implementing the right security measures to proactively monitoring your systems for issues to making sure all patches are applied immediately – all at a flat-rate monthly fee.

We go above and beyond – staying ahead of the latest threats and any industry-specific regulations you’re required to adhere to, in order to help you stay safe in the evolving world of cybercrime.

This scam shows the biggest security flaw in a company is internal. Targeting high ranking members allows them to skip past any and all security measures that you may have in place.

For more information on hacking tactics so that you can keep your company safe, contact OffSite IT at (866) 828--6674  or info@offsiteIT.com . We provide managed IT services wherein we handle all of your technology needs.

Alexssa

I first hired John directly as an employee back in 1999.
He was an excellent addition to a growing team at a small technology company. Subsequent to the sale of the company, John branched out on his own and started an IT consulting firm. Since that time, I have not used anyone else. John is capable, personable, has integrity and is also very likable. I would recommend him without reservation.”

  Kevin DiCerbo   

Connect With OffSite IT

  • Los Angeles / Orange County 22607 La Palma Avenue Suite 409 Yorba Linda, CA 92887
  • Chicago 6912 Main Street Suite 214 Downers Grove, IL 60516
  • 1-866-828_-6674 info@offsiteIT.com