Email Scam Targets Executives: How to Protect Yourself | Article

From BusinessNewsDaily.

A new email scam is targeting high-level executives at medium and large organizations. The malicious emails ask for payment on outstanding invoices, but executives who pay up are really sending company dollars straight to the pockets of cybercriminals. 

Discovered by cybercrime protection firm PhishLabs, the new scam attempts to convince targets to wire funds to various accounts controlled by the criminals behind the scam. And these fraudsters are very sneaky, taking every possible measure to make their scam look legitimate.