Fraudsters target businesses that work with foreign suppliers or businesses that regularly transfer funds online.
They use what is known as “social engineering” and “computer intrusion” techniques e.g. a worm to compromise real business email accounts and then create unauthorised transfers of funds out of the business bank accounts.
The fraudster emails a phishing document to the intended victim via the address of a legitimate supplier and asks the victim to change the electronic funds transfer detail in relation to the payment of an invoice. This request tricks the victim into clicking a malicious link that downloads malware onto the victim’s computer and allows the fraudster to gain unrestricted access to personally identifiable information, including bank account details and passwords. The fraudster uses this data to authorise electronic payments from the victim’s bank account.
Similar cases involve the fraudster using Read more
It is too early to be sure what the implications will be as, despite the referendum result, Britain has yet to activate Article 50 of the Lisbon Treaty. Once activated, it will take up to an additional two years to complete the negotiations for exit. There will be a lot of politics going on behind closed doors and what is reported publicly may not be the whole story, and indeed there is a slim chance GB may not activate Article 50.
It is prudent to have contingency plans in place for any areas relevant to your business. The following Read more
As the exam date approaches, you know how important it is to use your time wisely so that you are in a strong position to pass your exams.
Here are 6 tips to help you get through any exam: