Explore the latest news and trends  

Sign up for our weekly security newsletter

Be the first to receive important updates on security


Local Businesses Targets of E-mail Scam, Warns NRP

An e-mail fraud is targeting businesses in Niagara (Ontario, Canada), is a recent alert from Niagara Regional Police, published 610cktb.com dated November 3, 2015.

Niagara Regional Police's (NRP) Central Fraud Unit said that businesses, especially those which conducted dealings with foreign companies alternatively similar vendors required being wary of a scam e-mail circulating.

According to the cops, the scammers dispatch certain electronic mail that seems as a communication from an employee belonging to the company, aiming at an id of the company's accountant else controller asking to make payment for a bill of many thousand dollars.

A bank routing details are provided in the scam e-mail through which the funds must get dispatched.

Usually, an overseas bank account is mentioned where the payment must get done.

As soon as transferred, the money is instantly taken out from that account leaving it unrecoverable.

Det. Sgt. Paul Spiridi of NRP has urged businesses for confirming if such an e-mail is genuine prior to transferring any money. Niagarafallsreview.ca reported this, November 3, 2015.

According to Spiridi, businesses mustn't depend only on an electronic mail.

Previously, incidences occurred when fraudsters communicated with area companies over e-mail posing as a familiar vendor of those companies telling that the vendor's banking details had changed.

The fraudsters urged that all payments required being transferred onto fresh bank accounts electronically. Many-a-times the electronic mail seemed as arriving from some familiar person of the vendor, whose e-mail id would be extremely similar as the original.

Worryingly, it's the above kinds of scams which are responsible for an increase in phishing online along with plentiful loss to businesses, remark the e-mail scam's security analysts.

In support of this remark are statistics from Federal Bureau of Investigation reported during August 2015 that indicated that e-mail scams from supposed vendors didn't just boom, however, had caused damages of $1.2bn to companies worldwide during 2014.

At the time, Maxwell Marker Special Agent of FBI had stated that e-mail fraudsters had gotten skilled at mimicking accounts and bills, rendering their acts more sophisticated than any familiar fraud that FBI observed earlier. Nakedsecurity.sophos.com reported this, August 31, 2015.

» SPAMfighter News - 11/9/2015

3 simple steps to update drivers on your Windows PCSlow PC? Optimize your Slow PC with SLOW-PCfighter!Email Cluttered with Spam? Free Spam Filter!

Dear Reader

We are happy to see you are reading our IT Security News.

We do believe, that the foundation for a good work environment starts with fast, secure and high performing computers. If you agree, then you should take a look at our Business Solutions to Spam Filter & Antivirus for even the latest version of Exchange Servers - your colleagues will appreciate it!

Go back to previous page