{"id":33613,"date":"2018-10-17T00:00:00","date_gmt":"2018-10-16T22:00:00","guid":{"rendered":"https:\/\/aebanca.es\/compromiso\/ciberconsejos\/ceo-fraud-they-pretend-to-be-your-chief-executive-officer\/"},"modified":"2026-04-09T16:23:47","modified_gmt":"2026-04-09T14:23:47","slug":"ceo-fraud-they-pretend-to-be-your-chief-executive-officer","status":"publish","type":"ciberconsejos","link":"https:\/\/aebanca.es\/en\/compromiso\/ciberconsejos\/ceo-fraud-they-pretend-to-be-your-chief-executive-officer\/","title":{"rendered":"CEO Fraud: They Pretend to Be Your Chief Executive Officer"},"content":{"rendered":"
CEO fraud occurs when an employee authorized to make payments is tricked into paying a fake invoice or making an unauthorized transfer from the company account.<\/p>\n
How does it work?<\/strong><\/p>\n
The method relies on an employee’s eagerness to promptly attend to tasks requested by a senior executive. Fraudsters often have considerable knowledge about the organization and the emails appear very convincing. <\/p>\n
What are the warning signs?<\/strong>\n<\/p>\n
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Phone call or email from a senior executive with whom you are not normally in contact.<\/li>\n
Request for absolute confidentiality.<\/li>\n
Pressure and sense of urgency.<\/li>\n
Exceptional request that contradicts internal procedures.<\/li>\n
Threats or flattering comments or promises of reward.<\/li>\n<\/ul>\n
What Can You Do?<\/strong><\/p>\n
AS A COMPANY:\n<\/p>\n
\n
Be aware of the risks and ensure employees are also aware.<\/li>\n
Encourage your staff to be cautious about payment requests.<\/li>\n
Implement internal protocols for payments.<\/li>\n
Implement a procedure to verify the legitimacy of payment requests received by email.<\/li>\n
Establish procedures to manage fraud.<\/li>\n
Review your company website content, limit information, and be cautious with social media.<\/li>\n
Modernize and update the security of your systems.<\/li>\n
Always contact the police in case of attempted fraud, even if you have managed to avoid it.<\/li>\n<\/ul>\n
\nAS AN EMPLOYEE:\n<\/p>\n
\n
Strictly apply the established security procedures for payments and purchases. Do not skip any step and do not yield to pressure. <\/li>\n
Always carefully review email addresses when dealing with sensitive information or money transfers. Fraudsters often use fake emails where a single character differs from the original. <\/li>\n
If you have doubts about a transfer order, consult an expert colleague, even if you have been asked for discretion.<\/li>\n
Never open suspicious links or files received by email. Be especially careful when checking your personal mailboxes on company computers. <\/li>\n
Limit information and be cautious on social media.<\/li>\n
Do not share information about the company’s hierarchy, security, or procedures.<\/li>\n
If you receive a suspicious email or call, always inform your IT department.<\/li>\n<\/ul>\n
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