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Beware 'Spoofed' E-Mails

Law firms, companies and other entities need to be on guard for an increasingly frequent, sophisticated online fraud which uses “spoofed” e-mails.

In the latest incident, a large U.S. company was the victim of what the FBI calls “business email compromise,” said Stu Sjouwerman, CEO of KnowBe4. He said that IT security pros call it an incident of “CEO fraud.”

“It boils down to sophisticated fraud that uses spoofed e-mails to social engineer employees at the C-level and accounting to transfer large amounts of money, in this case just shy of $100 million,” he said.

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