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Contact us at 1-866-889-5806 or at [email protected] to learn more about CEO Fraud. Terranova Security is committed to delivering people-centric training that makes your organization cyber security aware.
- What Is CEO Fraud?
- How Common Is CEO Fraud?
- How Does CEO Fraud Work?
- How to Prevent CEO Fraud
- FAQ
In simple words, CEO fraud is a social engineering attackwhere a criminal pretends to be a company’s CEO and approaches employees in an attempt to gain money, information or access to its systems. In fact, it doesn’t even have to be the CEO in particular. Any member of upper management in a company is fair game to these fraudsters – the CFO, for ex...
CEO fraud is a niche type of attack, but it is becoming increasingly common around the world. What’s more, new remote and hybrid working arrangement trends mean less physical proximity between employees and can result in fewer and fewer employees having any interaction with upper management – becoming more fertile ground for CEO-type fraud. UK Fina...
The mechanisms of CEO fraud always involve convincing a company’s employees that the fraudster is “the boss” – the CEO or someone equally high ranking. There are various ways to try to do so. The fraudster will also attempt to create a sense of urgency, so that the victim doesn’t have time to stop and think, double-check with other team members, lo...
Efficient CEO fraud prevention and mitigation require the combined efforts of both employees and the cybersecurity/IT department. Let’s look at staff training and software separately.
Sources 1. Proofpoint: 2021 State of the Phish Report 2. Internet Crime Complaint Center: The 5 Billion Dollar Scam 3. FBI.gov: Business Emal Compromise 4. Variety: Pathe Loses More Than $21 Million in Internet Scam
Contact us if someone has stolen your personal information or if you have received any suspicious request that may contain a phishing link or spyware. 1-800-465-2422. Email us if you have received a fraudulent email or text message with a phishing link or spyware.
Report the incident to the Canadian Anti-Fraud Centre (CAFC) online 24/7 at the Canadian Anti-Fraud Centre. Contact contact@cyber.gc.ca . The Cyber Centre will assist in mitigation and prevention, especially in cases where a technical compromise may have occurred.
For general privacy inquiries and additional information about personal information-handling practices, you can contact the Office of the Privacy Commissioner of Canada in any of the following ways: Telephone: 613-995-8210
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If you suspect you may be the victim of fraud, contact your local police service. You can also ask for help from the Canadian Anti-Fraud Centre online or by calling 1‑888-495-8501. Report the theft of your Social Insurance Number (SIN) by contacting Service Canada at 1-866-274-6627.
