24
August
Vendor Impersonation: The New Face of Wire Fraud
Every business relies on a certain level of trust when it comes to their vendors, contractors, and partners. Picture this, and invoice comes in, it looks familiar and recognizable, and the payment is approved and goes out. That routine trust is exactly what scammers are now exploiting, and vendor impersonation fraud is becoming one of the most costly cyber-attacks facing businesses today.
Unlike a typical phishing email containing the typical red flags we’ve all been trained to spot, vendor impersonation scams are patient, thoroughly researched, and highly convincing. By the time a