According to a recent report, at least 75 percent of companies are the target of impersonation attempts each year. There are several variations of impersonation; the most popular ones are the following:
- Executive impersonation: These are cases where the impersonator either takes over an executive account, such as a CEO or CFO of the company. The impersonator may also try to spook emails from the executive by putting minute variations in the email IDs, such as [email protected] being changed to [email protected]. The content of these emails will deal with sensitive issues needing immediate action, such as a wire transfer that needs to be mailed urgently. Employees usually ignore the falsification of the email ID and carry out the activity.
- Vendor impersonation: This is another type of fraud, where the impersonator spooks email IDs of legitimate...