
CEO Scam: How to Protect Your Company from Business Email Compromise
This morning, Paragon Sec was contacted by an Italian company that had been the victim of a new fraud attempt known as the CEO Scam . The accounting department received an urgent email, apparently from their CEO, requesting immediate payment of a €4,000 invoice. The message, accompanied by a seemingly authentic invoice, indicated the need for an immediate transfer. The employee in charge of payments, believing he was following a direct order from his manager, made the transfer without further verification . Only later did the bank discover that the IBAN indicated was associated with a fraudulent entity and promptly blocked the




