The Clare Champion Clare news, sport, entertainment and local notes
WITH digital fraud continuously on the rise, Clare gardai have warned businesses to be vigilant about a particular email scam. Business email compromise fraud, also known as invoice re-direct fraud, is where a fraudster sends an email to an individual or a business pretending to be a supplier and asks for an invoice to be paid immediately, usually to a new bank account because “they’ve changed bank”, etc. They provide a new IBAN and BIC code for this new account and often the target does not know that it has been a victim of a crime until sometime later when the legitimate supplier sends a reminder for invoice payment. To do this, fraudsters might send an email with a spoof email address, a ‘spear phishing’ email (an email that looks like it’s from a trusted source), or use malware to take over a legitimate business email account and send an email from that. In most cases, the money stolen is …
Read More »