Remove Compromise Remove Deposit Account Remove Direct Deposit
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Study Sees BEC Scams Gaining Ground

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Unlike traditional [business email compromise (BEC)] attacks, which are starting to raise red flags with financial institutions, payroll diversion attacks eliminate the interaction with banks because it is a direct deposit instead of a wire transfer,” said Crane Hassold, senior director of threat research at the firm.

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Data Dive, Criminality Edition: Fingerprints And Wire Fraud And Money Laundering (Oh My!)

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HR departments need be on the alert for a new type of phishing scam that asks for reroutes on direct deposit accounts, CNBC reported. To move employee paychecks directly into a criminal’s account. They also activated files that forced infected computers to register email accounts with AOL,” the announcement explained.