
Security commandments
Follow these principles in order to minimise the possibility of misuse of your finances.
(Chief Executive Officer)
CEO fraud is when fraudsters trick companies into paying fake invoices or making payments they would otherwise not make.
The fraudster identifies several companies on the internet and finds out who their respective manager and accountant is, or other people responsible for accounts payable, are (all of this information can easily be found online).
Pretending to be the manager, the fraudster then sends an email to the accountant along the  lines of: “I just made an order at company XYZ and need to send them the money today. Is it possible to send it express?” Most often the accountant responds that it is, and the fraudster then sends the payment details, i.e., the account number, amount, variable code, message for recipient, etc. The accountant then makes the transfer based on the request of their “boss’’.
Follow these principles in order to minimise the possibility of misuse of your finances.
Be careful of services provided for free.
Protect your card details from attacks by internet fraudsters.