POSitive Processing Blog
BBB Warns of Email Scams This Tax Season
Wednesday, January 17, 2018
The Better Business Bureau (BBB) is advising businesses and organizations to be aware of Business Email Compromise (BEC) scams that have stolen sensitive employee and resulted in losses of millions of dollars. BEC scams typically involve phony of “spoofed” emails that appear to be from high-ranking company officials that instruct employees to wire large amounts or cash or provide sensitive information such as W-2 wage and tax statements. Thieves use publicly available information to research the targeted organization, tailoring the spoofed or faked email to make it appear that it came from a company executive.
Here are some tips that can help companies and organizations protect themselves from BEC scams:
If you fall victim to such a scam, contact your local FBI office as soon as possible. In addition, contact your financial institution if there has been a wire transfer scheme and the IRS if the event tax information has been compromised.
- Institute employee fraud-awareness training, including instructions on how to carefully scrutinize email requests and email logs.
- Implement a policy to require confirmations for all fund transfer requests.
- Create a solid business continuity plan in the event of a BEC scam.
B2B and E-Commerce Solutions
Data Security and Fraud Prevention
02/13/2019 - 3 Tips To Protect Your Busines
11/12/2018 - Are you PCI Compliant?
03/14/2018 - Merchant Guide: 10 Essential T
02/12/2018 - Common Business Scams and How
02/09/2018 - Data Security Fast Facts
01/17/2018 - Vulnerability Scanning vs. Pen
01/17/2018 - BBB Warns of Email Scams This
01/10/2018 - Arm Your Business Against Cybe
11/15/2017 - MERCHANT FRAUD ALERT, 11-15-20
09/22/2017 - Have You Heard How OMEGA’s Dat
08/02/2017 - MERCHANT FRAUD ALERT, 08-02-20
FI Partner Program
Gift Cards and Customer Rewards
Just For Fun
OMEGA in the Community
OMEGA Merchants, News, and People
Products and Services
Short-Term Capital Funding
The OMEGA MPVs