Search
 

CU Tech Hub

CFOs & Financial Employees Become Good Scam Targets

Experts reveal scammers are focusing efforts on employees with access to company finances or payroll data.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Financial executives targeted by scammers.

CFOs and financial employees are the most at risk of being targeted in business email compromise schemes according to the latest global research report from Campbell-Calif. based Barracuda Networks.

In its study, based on an analysis of 3,000 BEC attacks, Barracuda, a provider of cloud-enabled security and data protection solutions, revealed more than 33% of the primary targets of BEC attacks are CFOs and financial employees; and over 46% of attacks seek to initiate a wire transfer.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Roy Urrico

Roy Urrico

Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).

More from this author

 

Recommended Stories

6 Tips for Fighting Ransomware Attacks

6 Tips for Fighting Ransomware Attacks

Kayvee Kondapalli |

Protect your operations and member data from those looking to make a quick buck by crippling your network until you pay up.

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2022 ALM Global, LLC. All Rights Reserved.