Fraud Stories
Financial fraud or scams are real and can affect anyone at any time. On this page we share some real stories from the victim’s perspective of financial frauds and scams that have actually happened to them.
Malware Online Fraud
Company’s security information was gathered and used to gain access to the Company’s Bank accounts via their online banking registration. Malware (malicious software) can gain access to your PC / Phone / Laptop when a user is tricked into opening, or running, an infected attachment. Even clicking on a link you have received from a …
Executive Impersonation Fraud
Company narrowly escapes €20,000 email scam When the email account of a Company Treasurer was compromised, a series of cleverly timed written communications almost resulted in the fraudulent transfer of €20,000. The email account of an organisation’s Treasurer was effectively compromised granting fraudsters full access to all email communications. This took place when the Treasurer …
Invoice Re-direction
A finance team employee received an email from one of their creditors notifying them of a new account number for payment. Invoice redirection fraud occurs when a business receives a fraudulent email claiming to be from an existing supplier, advising of new bank details for payment. They might not necessarily request a specific payment at …