A fraudulent yet almost identical looking email address for the Managing Director of a medium sized building contractor was created by fraudsters who used it to instruct an individual in the accounts department to make a wire transfer payment of £50,000 to a new materials supplier.  The email stated that the new supplier was being used to source additional materials for a crucial job and that payment had to be made urgently to secure delivery of the goods.

The email was sent whilst the MD was on holiday so that no face to face verification could be made.  The account to which the funds were transferred actually belonged to the fraudsters who were able to retrieve the money before the transaction could be recalled.


Want to find out more?

View our additional related information case studies on: 

| GDPR InsuranceCEO Fraud | Phishing Scam | Malware Theft | Telephone Hacking | Ransomware |