CEO | Executive
CEO and executive fraud are about leveraging employee's trust and respect for authority in order to defraud the company.
Means of contact
- Text
- Phone
- Fax
Using spear phishing techniques, and spoofing email or text addresses, scammers pretend to be from legitimate sources and request that businesses or individuals send them money.
Tactics used
- Leverage an existing relationship between the sender and receiver
- Use an email address that's close to what you'd expect
- Purchase of gift cards
- Large wire transfers
- Special requests from "head office"
- Payroll changes
Read our Fraud Files article for a real-life example of this scam.