Risk Management Tip

Keep your company safe from Social Engineering

Financial fraud, in which company employees are tricked into sending payments or securities through email, telephone, letter or other method, is an increasingly common and sophisticated act. It’s easy for a thief to pose as a vendor or executive at another company in order to request payments or a transfer of money. This type of crime, also known as social engineering, is becoming more prevalent thanks to the ease of acquiring company information, including social media accounts. Organizations can take a number of steps to avoid fraud, including:

For more information on protecting about socially engineered attacks, read this article or email us at info@bks-partners.com.