Daixia Bank- Bank Officer Fraud
What is Bank Officer fraud?
How does Bank Officer fraud happen?
Bank Officer fraud is a request, often made via email, purporting to come from a senior person in the company, normally to the accounts department, requesting an urgent payment to a supplier or partner.
The fraud attempt sometimes occurs when the senior person is out of the office, and the request may outline that the transaction is conﬁdential and sensitive in order to discourage further veriﬁcation.
For instance, the fraudster may try to convince the victim that their company is about to acquire another business, and the payment is needed as a down-payment for the confidential deal.