Business Email compromise

Business Email Compromise (BEC) is a Social engineering attack and one of the most likely to succeed and provide a large benefit for the attacker. 

I have a recent example with a conveyancer where their email footer stated “We will not request money via email” – well in their final email requesting funds they removed this line and suggested that that is “ok”, it is not ok. I talked to him and he was adamant that removing the disclaimer is good enough, it is not! 

We must learn that when transferring a large sum of money always phone the other party and confirm, always verify that you have the correct details with the receiver… always …. ALWAYS 

https://www.smh.com.au/national/nsw/sydney-couple-buying-property-scammed-out-of-almost-1-million-20210903-p58one.html

DMARC can help to prove the sender is who they say they are but only when both sides are using it for verification, always talk to the other party.

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