This scam usually happens in a business setting. Since this course is about protecting both consumers and businesses, I thought I should at least warn you about this. Usually what happens is that the Chief financial officer will receive an email that looks like it can from the CEO asking the CFO to secretly wire transfer funds to another bank account. This is a highly sophisticated scam where lots of research is done up front before any contact is done with the target. The scammers will do a lot of recon on you, so if you’re in a situation where you acquired another company for example, the scammers will find out and tailor the message about funds needed for a special project relating to the merger. Even the president’s email signature looks the same. A lot of companies have fallen for this. That’s why I hope this module will help you in the future when you come up against these scams.
Presidency Scam – Video 17 – Most Popular Internet Scams
By
Terry Cutler
/ January 1, 2022
About The Author
Terry Cutler
Terry Cutler, the CEO of Cyology Labs, is an internationally acclaimed cybersecurity expert and a Government-cleared Ethical Hacker. He has been providing top-notch consulting services to some of Canada's largest corporations for over 20 years, advising them on internal and external security penetration prevention and remedies. Terry is also the author of the #1 Amazon best-selling book "Insider Secrets to Internet Safety: Advice from a Professional Hacker." He has made numerous TV appearances and has delivered live public speaking events on cybersecurity.
Terry's highly effective online learning program, Internet Safety University (www.InternetSafetyUniversity.com
), attracts over 43,000 enrollments from 150 countries. The program, developed in 2013, addresses cyber-crime, spying, security failures, Internet scams, and social networking dangers that families and individuals encounter every day.
Terry's achievements in the cybersecurity field have been acknowledged with numerous prestigious awards. In 2017, he was awarded the Cybersecurity Educator of the year, followed by being named to IFSEC Global's Top 20 Most Influential People in Cybersecurity for three consecutive years (2018, 2019, 2020). He was also listed in the CISO Platform Global TOP 100 List in the same year.
To further assist businesses and individuals in staying safe online, Terry launched his highly anticipated App Fraudster (www.FraudsterApp.com
).
