As scammers grow more cunning, you need to be more careful.
Fraudsters are skilled at impersonating vendors. You need to be skilled at guarding against them.
Vendor Impersonation fraud, a form of Business Email Compromise, aims to con companies, government agencies and others into making payments to fraudulent accounts. This type of fraud often involves impersonating smaller companies that provide products or services to larger companies. You can be targeted as the vendor being impersonated or as the payor being scammed and suffering the loss. Either way, the attack would likely be very sophisticated and difficult to detect.
- How does Vendor Impersonation work?
- What can you do to protect against it?
- Download the article from our Business Fraud Prevention Library