Recently, hair salon company “Sport Clips” filed a lawsuit claiming a security breach at the company’s advertising firm led to a $541,000 payment being wired to a scammer. In this episode starring Jon Lovitz as Richard, the company mistakenly wires $600,000 to what appears to be the correct vendor, but had Richard done his due diligence by confirming the last minute change of account numbers with a phone call to the sender of the email, the fraudulent wire transfer could have been avoided. See what happens and learn how to protect yourself and your organization from attacks like this!
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More information from the Web:
Lawsuit: Sports Clips lost $541,000 after security breach at GSD&M advertising
https://www.statesman.com/story/news/local/2020/10/29/lawsuit-sport-clips-lost-541000-after-security-breach-at-gsdm-advertising/42914225/
Abnormal Security Data Reveals 200 Percent Monthly Increase in Invoice and Payment Fraud Business Email Compromise Attacks
https://www.businesswire.com/news/home/20200629005113/en/Abnormal-Security-Data-Reveals-200-Percent-Monthly-Increase-in-Invoice-and-Payment-Fraud-Business-Email-Compromise-Attacks
These sneaky email scammers are making it even harder for workers to spot fake invoices
https://www.zdnet.com/article/these-sneaky-email-scammers-are-making-it-even-harder-for-workers-to-spot-fake-invoices/
How to Protect your Business from Wire Fraud
https://www.jpmorgan.com/commercial-banking/insights/protect-your-business-from-wire-fraud
How to Spot Business Email Fraud
https://www.aarp.org/money/scams-fraud/info-2019/business-email-compromise.html
FBI: Business Email Compromise
https://www.fbi.gov/scams-and-safety/common-scams-and-crimes/business-email-compromise
