Published on November 8th, 2019 📆 | 6959 Views ⚑0
The Direct Deposit Phish: Revisiting the Scene of the Crime
By Eric Howes, KnowBe4 Principal Lab Researcher. Well over a year ago we reported on the rise of a new form of CEO fraud in which malicious actors persuaded unwitting employees working in the payroll departments of targeted organizations to change the direct deposit information for senior executives to point to bank accounts controlled by said malicious actors. Since then, direct deposit (or payroll) phishing has gotten the attention of the mainstream news media and become one of the most common forms of CEO fraud that we see day in and day out.