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What is CEO Fraud and How to Prevent It

Until now, CEO fraud via email had been widely discussed, but we have been managing CEO fraud cases via WhatsApp and Telegram for companies, now our clients, for years.

What is CEO Fraud?

It is a type of fraud that aims to deceive employees who have access to a company’s financial resources into paying a fake invoice or making a transfer from the company’s account.

How Do They Obtain This Data?

Many companies have no idea about “the trail” they leave on the internet after a platform is hacked, and as a first consequence, what do we have? Leaked and public data such as employee email addresses, passwords, full names, phone numbers, etc.

Therefore, you should ALWAYS have a service that monitors the network, such as our DATA LEAK FINDER service, which alerts you to what data is exposed on the internet and can potentially be exploited to execute an attack. At onBRANDING, we perform this detection and request its removal through the CONTENT OFF service. Because if you don’t take out the trash… you end up attracting all kinds of unwanted attention.

The Golden Rules to Prevent CEO Fraud

1) Your company should NEVER have public email addresses, neither on the website nor on social media—replace them with forms. This closes doors potentially used to launch an attack.

2) Detect and Remove

3) Training, awareness, monitoring of company members’ practices, and constant reminders.

4) Contract onBRANDING’s services:

1) DATA LEAK FINDER (detection of leaks with potential risk)

2) CONTENT OFF (content removal)

3) We will provide you with the MEDIA OBSERVATORY service free of charge—you will stay informed about news affecting your sector and your competition. Because information is power.