Russell Coker: CEO Impersonation Fraud

In discussion about my post on banks and phones [1] questions were asked about CEO impersonation (link to an article on the security blog Krebs on Security about it) [2]. CEO fraud (or more generally executive fraud) is a subset of Business Email Compromise fraud which allegedly loses Australian businesses $84M/year [3]. The numbers vary a lot depending on what is counted, is it just attacks where money is lost or do situations where the bank reverses the transaction count?…

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