Cyber Criminals Adapt to Deceive
Cyber criminals constantly adapt their approach to deceive their targets and increase their success rate. The J2 cyber security team have seen a new trend developing that speaks directly to this phenomenon.
Our team have been involved in several investigations in the last few weeks and uncovered an adapted approach to completing a successful change of bank details fraud. The attack method is not new, the execution has simply evolved.
Many people have seen and encountered the standard approach to change of bank details fraud, also known as Invoice fraud, where an attacker pretends to be one of your suppliers, creates fake change of bank details letters and emails the accounts department to get bank details updated and then makes off with your heard earned cash…
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