Such attacks can be bad for the victim’s career: French film production and cinema chain Pathé fired the two senior managers for Pathé in the Netherlands after the execs fell victim to such a scam, losing €19.2 million.
Such schemes involve attackers using fake emails from very similar email addresses (imperceptibly different) pretending to be a senior executive, then instructing others to send money to a designated location, typically via wire transfer. The funds were supposedly to be used to acquire a company in Dubai.
How does your business watch for new domains similar to yours?
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Author: John Pryor Exalt IP