CEO fraud

from Wikipedia, the free encyclopedia

The CEO Fraud (also Business Email Compromise (BEC) , Fake President Fraud (FPF) or Bogus Email Boss ) is a scam, be manipulated in the company using false identities to transfer money.

In China one speaks of Huapi-Zhapian , the "deceit with the painted skin" based on a fairy-tale frightening figure .

history

The first cases of this cyber crime occurred in the United States. “CEO” stands for Chief Executive Officer and basically means managing director, Fraud is the English word for fraud. The phenomenon can now be observed worldwide.

Action

Typically, they are well-faked emails that appear to come from a member of the company's management. It relies on transferring large amounts of money to a foreign bank account for supposedly legitimate reasons. But also very good forged letter post (logos of federal authorities, stamped national emblems, approval signatures of board members) are not uncommon. The good forgeries are often not recognizable because the offenders research internal company matters beforehand. In addition to publicly available information, they also use data obtained through social engineering . Often the executing employees are put under time pressure and informed about the confidentiality of the transfer. Particularly susceptible are "patriarchal, authoritarian companies in which doubts and contradictions are not desired" .

According to the FBI , the worldwide damage adds up to 2.8 billion euros. Banks in China and Hong Kong are usually given as transfer destinations.

Since 2013 cases have also been increasing in the German-speaking economic area. The Federal Criminal Police Office counted 250 cases of fraud in three years, the best known in 2016 were the Bavarian auto supplier Leoni AG (40 million euros) and the Austro-Chinese aviation supplier FACC (50 million euros). As a rule, the companies concerned do not report on it for reasons of image .

See also

Web links

Individual evidence

  1. ↑ CEO fraud is increasing dramatically . Springer Fachmedien , March 27, 2017; Retrieved April 4, 2017
  2. ↑ With this scam, the Chinese captured millions . Welt Online , February 18, 2016; Retrieved April 4, 2017
  3. ↑ The boss who isn't . Süddeutsche Zeitung , November 5, 2014; Retrieved April 4, 2017
  4. ↑ False bosses steal millions . Tagesschau , December 28, 2016
  5. ^ "Fake President Fraud" or "CEO Fraud" . ( Memento of the original from July 30, 2017 in the Internet Archive ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice. Hypovereinsbank ; Retrieved April 4, 2017 @1@ 2Template: Webachiv / IABot / www.hypovereinsbank.de
  6. ↑ a b c Auto supplier Leoni brought millions . Frankfurter Allgemeine Zeitung , August 16, 2016; Retrieved April 5, 2017
  7. ↑ With this scam, the Chinese captured millions . Welt Online , February 18, 2016; Retrieved April 4, 2017
  8. ↑ How false bosses steal millions . Wirtschaftswoche , October 19, 2016; accessed on March 31, 2017