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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 PC Help Services do to keep you protected and operating at your best?

PC Help Services 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.

Absolutely amazing. Matthew came to the office and worked with the laptop I had tried to fix myself. He listened carefully to what I reported, then worked with it for over an hour. He asked if he could take it back to his office to work with it. I agreed on the basis of a two-hour billable cap. He took it back to his shop, I’m sure spent way more than two hours fixing it, and returned to me a laptop I scarcely recognized–faster, working wireless, updated Cisco VPN software–perfection. In the course of his magic, he was always available to discuss the configuration, asked all the right questions and gave the right answers. He met the deadline I imposed. The service was so impressive that I asked about future availability to deal with a small business network if help was needed. There’s a team of folks ready to help.”

Michael Griffith

Internet Scam Robs Companies of Millions