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CFOs & Financial Employees Become Good Scam Targets

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

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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.

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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.).

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