BrandPost: How to Prevent CEO Fraud

The number of “Business Email Compromise” (BEC) incidents, also known as “CEO fraud” scams, is on the rise. The scam is simple: cyber thieves use sophisticated social engineering tactics to trick business professionals or executives into wiring funds to fraudulent overseas accounts. And the impact of CEO fraud is significant. Technology company Ubiquiti Networks, for example, was swindled out of almost $47 million. Since the FBI’s Internet Crime Complaint Cente